Most economists agree that the immediate cause of the majority of cyclical changes in the level of real output is unexpected changes in the

Name: Most economists agree that the immediate cause of the majority of cyclical changes in the level of real output is unexpected changes in the
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Unexpected changes in the level of total spending, also known as aggregate demand, are often seen as the immediate cause of cyclical changes in real output, as they directly affect production and employment levels.

Most Economists Agree That the Immediate Cause of the Majority