Business Cycles Are the Result of

question 57

Multiple Choice

Business cycles are the result of

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

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Definitions:

Subordination

The act or process of placing someone or something in a lower rank or position, often within a hierarchy or structure.

Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Moral Panic

The reaction of a group based on the false, distorted, or exaggerated perception that some group or behaviour threatens the well-being of society.

Sensationalized Stories

Tales or news reports exaggerated or skewed to provoke interest or excitement at the expense of accuracy.