Multiple Choice
Business cycle fluctuations typically arise because
A) the actual supply of goods and services ends up being more or less than what consumers were expecting.
B) the actual demand for goods and services ends up being more or less than the expected supply of goods and services.
C) the actual demand for goods and services ends up being more or less than what firms were expecting.
D) prices tend to be flexible in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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