There are several competing models of the business cycle because

A) none currently captures all facets of the business cycle.
B) they are all rooted in different philosophical traditions.
C) different shocks need different models.
D) they depend on the type of policy that is adopted.

A

Economics

You might also like to view...

What is marginal social cost?

What will be an ideal response?

Economics

As real GDP per year increases along the short-run aggregate supply (SRAS) curve, the SRAS curve

A) becomes increasingly steep. B) begins to level out. C) shifts inward. D) does not change.

Economics