The "No - Markets Fail Often" camp
A) focuses on the short-run.
B) believes business cycles happen regularly.
C) believes the economy's self-adjusting mechanisms are slow.
D) rejects Say's Law.
E) does all of the above.
Correct Answer:
Verified
Q238: When aggregate supply and aggregate demand match,
Q239: If consumers save some of their income,
Q240: Supply shocks cause unemployment and inflation to
Q241: After a negative demand shock, the "Yes
Q242: The "No - Markets Fail Often" camp
Q244: An increase in savings causes the interest
Q245: The "Yes - Markets Self-Adjust" camp
A) focuses
Q246: Mismatches between aggregate supply and aggregate demand
Q247: The "Yes - Markets Self-Adjust" camp believes
Q248: Business investment increases the quantity and quality
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