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Homework answers / question archive / The model used to study business cycles is the _____ model
The model used to study business cycles is the _____ model.
a. labor
b. savings
c. growth
d. aggregate demand-aggregate supply
e. interest rate
Usually, the fluctuations in the business cycle are related to the aggregate demand and aggregate supply model wherein a rise in the aggregate demand and aggregate supply is indicative of the boom period and a decline in the aggregate demand and aggregate supply is indicative of the recessionary period. Thus, the aggregate demand-aggregate supply model is a model that is used to study the business cycle fluctuations.
