Each of the following is something that economists know about business cycles, unemployment, and inflation in the long run except
A) the market economy does not tend to return to a position of near-full employment in the long run.
B) that markets for goods and labor do - absent large blockages - reach something like a supply-and-demand equilibrium.
C) that the central bank's policy is in the long run the absolutely crucial determinant of the price level and
The inflation rate.
D) that shortfalls of national saving or booms in investment will bring inflows of capital and the trade deficits needed to finance them.
Correct Answer:
Verified
Q3: Each of the following is something that
Q4: Each of the following is something that
Q5: Each of the following is something that
Q6: Each of the following is something that
Q7: Each of the following is something that
Q9: Each of the following is something that
Q10: Each of the following is something that
Q11: Each of the following is something that
Q12: Each of the following is something that
Q13: Each of the following is something that
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