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The Factor Leading to Business Cycles in the Cycle Theory

question 204

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The factor leading to business cycles in the cycle theory is unexpected fluctuations in aggregate demand while in the cycle theory both unexpected and expected fluctuations in aggregate demand are factors that lead to business cycles.


Definitions:

Intrafamilial

Pertaining to or occurring within a family.

Intrapsychic

Pertaining to processes within an individual's mind or self.

Locus of Control

A psychological concept that refers to the extent to which individuals believe they have control over the events that affect their lives.

Locus of Responsibility

Refers to the perception of where responsibility lies, whether within oneself or externally, for one's actions or life circumstances.

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