Business cycles are the result of
A) regular shifts of the AD curve only.
B) irregular shifts of the SAS curve only.
C) regular shifts of both the AD and SAS curves.
D) irregular shifts of both the AD and SAS curves.

Question

Quizplus · Accepted Answer

Business cycles are caused by irregular shifts in both the Aggregate Demand (AD) and Short-Run Aggregate Supply (SAS) curves, reflecting the unpredictable nature of factors that influence economic activity.

Business Cycles Are the Result of