Activists of the policies believe that
A) the self-correcting mechanism through wage and price adjustment is very slow.
B) wages and prices are sticky.
C) the government needs to pursue active policy to eliminate high unemployment when it develops.
D) all of the above.
Correct Answer:
Verified
Q2: When the economy is hit by a
Q3: Nonactivists of the policies believe that
A)wages and
Q4: When the economy suffers a permanent negative
Q5: If aggregate output is below the natural
Q6: When the economy suffers a permanent negative
Q7: When the economy is hit by a
Q8: The disruption to financial markets starting in
Q9: When the economy suffers a temporary negative
Q10: Which of the following statements is CORRECT?
A)If
Q11: When the economy suffers a temporary negative
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