Which of the following statements are correct? (a) Business cycles imply people do not expect…


Which of the subjoined statements are redress? (a) Business cycles denote persons do not rely-on fluctuations in the husbanding: if they could see a cycle hereafter, they would already be vestibule enjoyment to kill it. (b It is easy to expound why the husbanding’s come-back to long-run makeweight takes era, but it is not practicable to expound why this come-back causes express output to overshoot implicit output. (c) Economic dynamics are slack and entangled. There are frequent models expounding the dynamics in the husbanding which cause business cycles.