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Answer:
Business Cycle
Explanation:
Business Cycle -
It refers to the upward or downward movement of the gross domestic product , is known as business cycle.
It is also known as trade cycle.
These movement are short - run , i.e. , for very short time span .
Hence, from the given information of the question , the correct term is business cycle .
Answer:
a.Social control
Explanation:
Social control is the active or passive process of a group regulating itself according to its beliefs, principles, and values. A major purpose of social control is to stop or prevent negative deviance, which is a break from established laws and values that may be damaging to others. Just keep in mind that what is considered normal, moral, valuable, ethical, or deviant varies from social group to social group.
Answer:
The correct answer is: d. is the reciprocal of the price level.
Explanation:
In economics, the term "purchasing power" refers to the amount of goods and services that a currency can buy. It is directly related to the price level as follows: when price decreases, people are able to purchase more goods and thus we say that purchasing power increased; on the other hand, when prices increase, people are able to buy fewer goods with the same amount of money, and thus we say that purchasing power decreased.
