According to Keynesians,the primary source of business cycle fluctuations is
A)aggregate demand shocks.
B)productivity shocks.
C)oil price shocks.
D)consumer confidence shocks.

Question

Quizplus · Accepted Answer

Keynesians believe that fluctuations in aggregate demand are the primary source of business cycle fluctuations. This means that changes in consumer spending, investment, government spending, and net exports can all contribute to economic booms and recessions. Productivity, oil prices, and consumer confidence may also play a role, but they are seen as secondary factors that are influenced by changes in aggregate demand.

According to Keynesians,the Primary Source of Business Cycle Fluctuations Is