In the long run, the economy is:
A) unstable.
B) self-correcting.
C) inflexible.
D) uncontrollable.
Correct Answer:
Verified
Q210: Which curve is easiest to shift with
Q211: In the long run, the economy is:
A)
Q212: Suppose the economy is in a short-run
Q213: As a recessionary gap self-corrects, the equilibrium
Q214: If there is an inflationary gap, nominal
Q216: If actual GDP is less than potential
Q217: If the economy is in a recessionary
Q218: A negative demand shock can cause:
A) a
Q219: A recessionary gap gradually:
A) increases short-run aggregate
Q220: A recessionary gap can be closed by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents