The ________ states that the main source of economic fluctuations is volatile business confidence.
A) real business cycle theory
B) new classical cycle theory
C) Keynesian cycle theory
D) monetarist cycle theory

Question

Quizplus · Accepted Answer

The Keynesian cycle theory posits that fluctuations in economic output and employment are largely due to changes in aggregate demand, which can be significantly influenced by volatile business confidence and investment.

The ________ States That the Main Source of Economic Fluctuations