Which of the following is the factor that leads to business cycles in the new classical business cycle theory?

Question

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In the new classical business cycle theory, the factor that leads to business cycles is an unexpected change in aggregate demand, which can be caused by external shocks or changes in consumer or investor behavior. This theory suggests that markets are efficient and that individuals and firms will respond rationally to changes in economic conditions, resulting in fluctuations in output and employment. Changes in business confidence, the growth rate of productivity, and the quantity of money are not considered to be primary drivers of business cycles in this theory.

Which of the Following Is the Factor That Leads to Business