Which of the following statements about theories explaining why an economy expands or contracts is FALSE?
A) There are several explanations for changes in the level of economic activity.
B) At one time, people thought that changes in the level of economic activity were caused by sun spots.
C) At any given time you should expect there to be only one generally accepted theory explaining changes in the level of economic activity.
D) Efforts to explain changes in the level of economic activity are not a recent development driven by the availability of extensive data and sophisticated computer-based resources.

Question

Quizplus · Accepted Answer

The statement that at any given time there should be only one generally accepted theory explaining changes in the level of economic activity is false. In reality, economics is a field with multiple theories and models coexisting, each offering different perspectives and explanations for economic phenomena.

Which of the Following Statements About Theories Explaining Why an Economy