Multiple Choice
The new classical theory argues that the primary factor leading to business cycles is
A) unexpected fluctuations in short- run aggregate supply.
B) expected fluctuations in aggregate demand.
C) unexpected fluctuations in long- run aggregate supply.
D) unexpected fluctuations in aggregate demand.
E) expected fluctuations in short- run aggregate supply.
Correct Answer:

Verified
Correct Answer:
Verified
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