The Business Cycle Occurs Because Aggregate Demand and Aggregate Supply

question 221

True/False

The business cycle occurs because aggregate demand and aggregate supply change at uneven rates.

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Definitions:

Flexible

Characterizes entities or individuals that are adaptable to changes, capable of being bent or adjusted without breaking.

Less Bureaucratic

Describes organizations or systems that operate with fewer formalities and rigidities, allowing for more flexibility and efficiency.

Autonomy

The degree of independence and self-direction that an individual or entity has to make decisions, often within a particular role or workplace.

Responsibility

The state or fact of being accountable or to blame for something, involving the acceptance of duty to complete tasks and make decisions.