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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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