Multiple choice

Assertion (A) : According to Hicks, trade cycle occurs due to the interaction between multiplier, and accelerator. Reason (R) In Hicksian business cycle theory, accelerator is impotent in the depression phase.

  1. Both (A) and (R) are true and (R) is the correct explanation of (A)

  2. Both (A) and (R) are true, but (R) is not the correct explanation of (A)

  3. 130th (A) and (R) are false

  4. (A) is true, but (R) is false
Reveal answer Fill a bubble to check yourself
B Correct answer

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