Economy, asked by hazarikalucky28, 6 months ago

theory of business cycle generator

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Answered by Anonymous

Answer:

The monetary theory states that the business cycle is a result of changes in monetary and credit market conditions. Hawtrey, the main supporter of this theory, advocated that business cycles are the continuous phases of inflation and deflation.

Answered by Neha30712

Explanation:

The monetary theory states that the business cycle is a result of changes in monetary and credit market conditions. Hawtrey, the main supporter of this theory, advocated that business cycles are the continuous phases of inflation and deflation.

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