There are several competing models of the business cycle because
A) none currently captures all facets of the business cycle.
B) they are all rooted in different philosophical traditions.
C) different shocks need different models.
D) they depend on the type of policy that is adopted.

Question

Quizplus · Accepted Answer

The business cycle is a complex phenomenon that involves multiple factors, such as technological changes, political events, and shifts in consumer behavior. No single model can capture all these facets, which is why there are different competing models of the business cycle.

There Are Several Competing Models of the Business Cycle Because