At the end of the populist cycle, workers are better off than they were before the populist cycle began in terms of real wages and job creation

The theory that real shocks to the economy are the primary cause of business cycles is

A) monetarism. B) Keynesian theory. C) real business cycle theory. D) Hamiltonian theory.

Explain what is meant by automatic stabilizers and how they work to minimize fluctuations in economic activity

What will be an ideal response?