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The Cycle Theory States That Only Unexpected Fluctuations in Aggregate

question 378

Multiple Choice

The cycle theory states that only unexpected fluctuations in aggregate demand are the main source of business cycles.


Definitions:

Unequivocal

Clear and unambiguous, leaving no room for doubt or confusion.

Reasonable, Lawful

Actions or decisions that are made with rational justification and comply with established laws.

Legal Framework

The structure of laws, regulations, and rules that govern a particular area or activity.

Reasonably Assured Expectations

The anticipation of benefits or rights that a reasonable person would consider as likely to happen under a contractual agreement.

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