Which theory emphasises frequent changes in investment because of "animal spirits" as the main source of economic fluctuations?
A)Keynesian cycle theory
B)Monetarist cycle theory
C)New classical cycle theory
D)Real business cycle theory

Question

Quizplus · Accepted Answer

Keynesian cycle theory emphasizes the role of "animal spirits," or the psychological and emotional factors that drive investor behavior, as a key source of economic fluctuations.

Which Theory Emphasises Frequent Changes in Investment Because of "Animal