In explaining business cycles, the "Yes - Markets Self-Adjust" camp emphasizes supply shocks and the "No - Markets Fail Often" camp emphasizes demand shocks.

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The "Yes - Markets Self-Adjust" camp, often associated with classical and neoclassical economics, tends to emphasize the role of supply shocks in business cycles, believing that markets will naturally adjust to these shocks over time. On the other hand, the "No - Markets Fail Often" camp, which includes Keynesian and other demand-focused economists, emphasizes the importance of demand shocks, arguing that markets do not always self-correct efficiently and may require intervention to address failures and restore equilibrium.

In Explaining Business Cycles, the "Yes - Markets Self-Adjust" Camp