Most economists believe that business cycles will continue to drive our economy. While there is ongoing debate about the nature and causes of business cycles, the consensus is that economic fluctuations—periods of expansion and contraction—are a recurring feature of market economies. Various factors, including changes in consumer demand, investment, government policy, and external shocks, will continue to influence these cycles. While some economists may discuss the potential for less severe cycles due to advancements in policy tools or technology, the overarching view is that business cycles are an inherent part of the economic landscape.
What do most economists believe about the future of business cycles?
Business cycles will continue to drive our economy.
Economists have made no predictions about future business cycles.
Business cycles will grow more extreme, with higher peaks and deeper troughs.
Advances in technology have brought business cycles to an end.
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