Q. According to Hawtrey, the business cycle is caused by (Solved)
1. variation in the interest of banking system
2. variation in the price level of the economy
3. variation in the money supply by bank
4. all the above
- d. all the above
1. variation in the interest of banking system
2. variation in the price level of the economy
3. variation in the money supply by bank
4. all the above