It is unfair but true that bad things happen.Unfortunately when people expect ba

It is unfair but true that bad things happen.Unfortunately when people expect bad things to happen they oftenmake choices in an attempt to prevent these bad things that mayactually make things worse rather than better.Questions:A. How might the above ideas be relevant to how society bothprivate and public sectors deals with business cycles? (Considerhow households firms and government react when statisticalreports indicate the economy is expanding or contracting.)B. Doyou think business cycles would exist or be assevere if these economic statistics were not reported on a regularbasis or at all? Why or why not?