According to mainstream macroeconomists,U.S.macro instability has resulted from:
A) investment "booms" and "busts" and,occasionally,adverse aggregate supply shocks.
B) adherence by the Fed to a monetary rule.
C) government's attempts to balance its budget.
D) wide fluctuations in net exports.

Question

Quizplus · Accepted Answer

Mainstream macroeconomists argue that U.S. macro instability primarily results from investment "booms" and "busts," as well as occasional adverse aggregate supply shocks. This view is based on the recognition that the business cycle is a central feature of market economies and that fluctuations in investment spending are a key source of economic fluctuations. While government policies and external factors such as net exports can also affect the economy, these factors are seen as secondary to the underlying dynamics of investment cycles.

According to Mainstream Macroeconomists,U.S.macro Instability Has Resulted From