The automatic mechanism ________ the price level in the case of ________ and ________ the price level in the case of ________.
A) raises; recession; lowers; expansion
B) lowers; expansion; lowers; recession
C) raises; expansion; raises; recession
D) lowers; recession; raises; expansion
E) lowers; expansion; lower; recession
Correct Answer:
Verified
Q187: Suppose the economy is at full employment
Q188: A rapid increase in the price of
Q189: In the long run,
A)total unemployment = frictional
Q190: Figure 9.6 Q191: Suppose the economy is at a short-run Q193: Which of the following correctly describes the Q194: _ of unemployment during _ make it Q195: Interest rates in the economy have risen.How Q196: Canada followed the U.S.into recession in 2008, Q197: Figure 9.6 
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