According to Progressives, what is the most important factor in causing business cycles?
A) business cycles are caused by external shocks to the economy.
B) business cycles are caused by misguided government policies.
C) busines cycles are caused by the drive for profits.
D) business cycles are caused by technological change.

Question

Quizplus · Accepted Answer

Progressives often argue that business cycles are primarily driven by the inherent instability in capitalist economies, particularly the pursuit of profits by businesses, which can lead to overproduction, speculative bubbles, and other imbalances that result in economic fluctuations.

According to Progressives, What Is the Most Important Factor in Causing