Mainstream economists say that recessions are unlikely to occur today because prices and wages
are highly ﬂexible downward.

Question

Quizplus · Accepted Answer

While flexible prices and wages can help to mitigate the severity of recessions, they do not guarantee that they will not occur. There are many other factors that can contribute to a recession, such as a financial crisis or a sudden decrease in consumer spending.

Mainstream Economists Say That Recessions Are Unlikely to Occur Today