According to the business cycle is the result of shifts in the economy's AD curve.
A) only the Keynesian and monetarist cycle theories
B) the Keynesian cycle theory only
C) the Keynesian, monetarist, and new classical cycle theories
D) the Keynesian, monetarist, and real business cycle theories

Question

Quizplus · Accepted Answer

The Keynesian, monetarist, and new classical cycle theories all attribute business cycles to shifts in the aggregate demand (AD) curve, whereas the real business cycle theory focuses on real shocks to the economy.

According to the Business Cycle Is the Result of Shifts