The Factor Leading to Business Cycles in the ________ Cycle

question 68

Multiple Choice

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.

• A)new classical; monetarist
• B)new classical; new Keynesian
• C)new Keynesian; Keynesian
• D)monetarist; new Keynesian
• E)real business; monetarist

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Definitions:

Standard Of Living

Necessities, comforts, and luxuries one seeks to obtain or to maintain.

Expanded Job Opportunities

The increase in the variety and number of jobs available to the workforce, often due to economic growth, technological advancements, or industry expansion.

Market-Oriented Economy

An economic system where business decisions and the direction of production are guided by the fluctuations of market prices.

North Korea

A country in East Asia, known for its authoritarian government, nuclear weapons program, and unique geopolitical challenges.