Based on the evidence, most economists believe that the self-correcting mechanism operates
A) slowly with prices, but quickly with wages.
B) slowly with wages, but quickly with prices.
C) very slowly with wages.
D) efficiently, so that stabilization policy is not necessary.
Correct Answer:
Verified
Q157: Figure 33-8 Q158: Figure 33-8 Q159: Figure 33-8 Q160: Figure 33-8 Q161: If employees and employers always accurately predict Q163: If the self-correcting mechanism operates quickly, Q164: Policymakers who believe that the costs of Q165: Many economists think that, in the long Q166: A vocal minority of economists, believers in Q167: If actual inflation differs from expected inflation, 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
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A)direct intervention