Which market adjusts the most quickly in response to shocks to the economy?
A)the asset market
B)the labour market
C)the goods market
D)The asset,labour,and goods markets adjust at about the same speed to eliminate a disequilibrium in the macroeconomy.

Question

Quizplus · Accepted Answer

The asset market adjusts the most quickly because it involves financial instruments that can be traded rapidly, allowing prices to change almost instantaneously in response to new information or shocks.

Which Market Adjusts the Most Quickly in Response to Shocks