Supply-side theories claim that:
A. business cycles are caused by insufficient supply
B. a decline in aggregate supply is responsible for economic downturns
C. an increase in aggregate supply causes output and employment to decline
D. none of the above
Answer:B
Supply-side theories claim that:
A. business cycles are caused by insufficient supply B. a decline in aggregate supply is responsible for economic downturns C. an increase in aggregate supply causes output and employment to decline D. none of the above