Business cycle events that arise solely from aggregate demand shifts are emphasized by the
A) monetarist and real business cycle theories.
B) Keynesian and real business cycle theories.
C) Keynesian and monetarist cycle theories.
D) none of the major theories

Question

Quizplus · Accepted Answer

Keynesian and monetarist cycle theories emphasize the role of aggregate demand shifts in causing business cycle events.

Business Cycle Events That Arise Solely from Aggregate Demand Shifts