Question

According to Schumpeter(a) Trade cycle is purely monetary phenomenon.(b) Trade cycles occur as a result of innovations which take place in system.(c) Trade cycles result due to faulty business decisions of USA.(d) None of the above.

Answer 1

Heya....

See here for your answer....

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Option A is right answer...

Reason...

Trade is the process of exchange of goods and services and the payments in return of that..

So,, trade is the purely monetary phenomenon...

-- Be Brainly...

Answer 2

OPTION A IS THE CORRECT ANSWER