Market failure happens when government fails to serve the market's interests.
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Q61: There is government failure when
A) policymakers are
Q62: The hands-off camp generally believes that business
Q63: Price stability is not a desirable macroeconomic
Q64: The hands-on camp generally believes that business
Q65: J.B. Say would probably vote for the
Q67: There is government failure when
A) policymakers are
Q68: The hands-off camp generally believes that business
Q69: The hands-off camp generally believes that
A) supply
Q70: If J.B. Say were alive today and
Q71: Macroeconomists agree
A) that prices and markets adjust,
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