If the economy is not in a long-run equilibrium and other things are equal, then prices will eventually adjust to bring the economy to a long-run equilibrium.
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Q1: Most economists agree that it is possible
Q2: As a response to the 2008 recession,
Q4: According to Keynes, market economies:
A)never experience significant
Q5: After the 2008 expansionary policy, unemployment remained
Q6: According to Keynes, why might deflation create
Q7: In the AS/AD model, as the price
Q8: Some economists believe that the good times
Q9: If productivity and wages both rise by
Q10: The short-run aggregate supply curve is upward
Q11: Potential income is that level of income
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