The "No - Markets Fail Often" camp argues that
A) expectations are changeable.
B) animal spirits are rational.
C) most supply shocks are external to the economy.
D) business investors can predict the future.
E) in a recessionary gap, business investors remain optimistic even when sales are falling.

Question

Quizplus · Accepted Answer

The statement "expectations are changeable" aligns with the idea that markets can fail, as changes in expectations can lead to market instability and unpredictable outcomes. The other options do not directly address the argument that markets can fail.

The "No - Markets Fail Often" Camp Argues That