Explain which business cycle theory subscribes to each one of
the follow
a) Business cycles are driven by fluctuations in the
expectations of the entrepreneurs regarding the future levels of
business activities.
b)Business cycles are driven by changes in aggregate demand,
which are, in turn,caused by fluctuations in government
spending.
c)Governments should intervene to stabilize recessions;
otherwise the economy will head into even more severe
recessions.