Which of the following is a theory that economists use to describe the business cycle?
A) circular flow model
B) Keynesian cycle model
C) impulse model
D) contractionary/expansionary model

Question

Quizplus · Accepted Answer

The Keynesian cycle model is a theory that economists use to describe the business cycle. This theory proposes that government intervention is necessary to stabilize the economy during times of recession and inflation.

Which of the Following Is a Theory That Economists Use