Mainstream economists think that
A)market participants change their actions in response to anticipated price-level changes such that no change in real output occurs.
B)the economy self-corrects when unanticipated events divert it from its full-employment level of real output.
C)the downward inflexibility of wages and prices may leave the economy stuck in a costly recession for long periods.
D)significant changes in technology and resource availability cause macroeconomic instability.

Question

Quizplus · Accepted Answer

The Answer of Mainstream economists think that
A)market participants change their actions in response to anticipated price-level changes such that no change in real output occurs.
B)the economy self-corrects when unanticipated events divert it from its full-employment level of real output.
C)the downward inflexibility of wages and prices may leave the economy stuck in a costly recession for long periods.
D)significant changes in technology and resource availability cause macroeconomic instability.

Mainstream Economists Think That