Business Cycles Are the Result of

question 17

Multiple Choice

Business cycles are the result of

• A)regular shifts of the AD curve only.
• B)regular shifts of both the AD and SAS curves.
• C)irregular shifts of both the AD and SAS curves.
• D)irregular shifts of the SAS curve only.

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Definitions:

Deserved

Earned or merited based on actions, behavior, or qualifications.

Essential Terms

Fundamental conditions or clauses in a contract that are critical to its enforcement and interpretation.

Clearly Specified

means stated or described in a manner that leaves no ambiguity regarding the details or requirements.

Past Consideration

Anything given or promised to be given in the past, which cannot be considered valuable in the context of forming a current contract.