Q.

What are the two main components of business cycle theories?

A. a description of shocks and a model of how the economy responds to them
B. a model of how people decide to spend and a description of the government’s role in the economy
C. a model of how equilibrium is reached and a description of the government’s role in the economy
D. a description of shocks and a description of the government’s role in the economy
Answer» A. a description of shocks and a model of how the economy responds to them
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Macro Economics 2

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