English, asked by madasnaresh6, 1 month ago

A.2 point out the difference between cycle and other cycle​

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Answered by shreyasoni53
2

Answer:

Economic theory is based on the assumption that investors and consumers are rational and very “efficient machines,” namely, that they make the best choices for themselves. Laboratory tests reveal that investors' behavior is much more complicated relative to the behavior assumed in most economic theories.

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