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Economic theories are founded on the idea that economic fluctuations are driven by ______.

2 Answers

3 votes

Answer:

Economic Shocks

answered
User Sebus
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Answer:

the answer is Supply and Demand

Step-by-step explanation:

the two factors that mainly contribute to the resource allocation, distribution and price levels are Supply and Demand.

that is,

at any given time, how many are demanding for a resource/product/service and how many are wiling to supply.

note that there are many other factors that affect this, yet supply and demand are the basic ones.

hope this helps!

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