Problem
1. What do you understand by the term 'business cycle'? Compare and contrast 'long-wave' theory with the theories of shorter-term business cycles.
2. Compare and contrast the traditional (or 'old') and 'new' Keynesian theories of the business cycle with the monetarist theory of cycles.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.