According to ________, the business cycle is the result of aggregate demand growing at a fluctuating rate.
A)the Keynesian cycle theory only
B)only the Keynesian and monetarist cycle theories
C)the Keynesian, monetarist, and real business cycle theories
D)the Keynesian, monetarist, and new classical cycle theories
E)real business cycle theory

Question

Quizplus · Accepted Answer

The Keynesian, monetarist, and new classical cycle theories all suggest that the business cycle is the result of fluctuations in aggregate demand. The real business cycle theory, on the other hand, suggests that the business cycle is the result of fluctuations in technology and productivity.

According to ________, the Business Cycle Is the Result of Aggregate