The macroeconomic theory holding that business cycles are caused by changes in aggregate demand and that such cycles can and should be influenced by fiscal and monetary policy undertaken to promote economic stability is the ______ Theory.ClassicHayekiandebt nationKeynesian

A business cycle is ______.Multiple choice question.a period in which output and employment are risingthe expansionary and contractionary phases in the growth rate of real GDPa period in which output and employment are fallinga very deep and prolonged economic downturn

Business cycle and their main features

The study of macroeconomics is organized around three models at different time periods, list the three models and distinguish among them

In the United States, business cycles have occurred against a backdrop of a long-run trend ofMultiple Choicerising inflation.declining unemployment.stagnant productivity growth.rising real GDP.

Monetary policy affectsQuestion 5Answera.all of the above.b.interest rates.c.inflation.d.business cycles.