Business cycles are viewed as:
A)Movements in the short-run equilibrium
B)Situations where aggregate demand does not equal short-run aggregate supply
C)Inevitable; every economy must experience them
D)Movements in the long-run equilibrium

Question

Quizplus · Accepted Answer

Business cycles are typically viewed as fluctuations in the short-run equilibrium of an economy, reflecting changes in economic activity over time.

Business Cycles Are Viewed As