According to the "No - Markets Fail Often" view,
A) macroeconomic outcomes differ from microeconomic outcomes.
B) Say's Law is sometimes true but usually not.
C) there are broken connections between input markets and output markets.
D) a short run focus is more important than the long run.
E) all of the above are true.
Correct Answer:
Verified
Q16: In the circular flow of economic life,
Q17: According to the "Yes - Markets Self-Adjust"
Q18: The economist most associated with the "Yes
Q19: Speculative bubbles that helped trigger the Great
Q20: The fallacy of composition suggests
A) all for
Q22: Macroeconomics focuses on the individual smart choices
Q23: Incomes are determined in input markets.
Q24: Macroeconomics analyzes the performance of the whole
Q25: The economist most associated with the view
Q26: According to the fallacy of composition, "What
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