Macroeconomists agree that prices and markets adjust, but differ on how long the adjustments take.

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Macroeconomists generally agree that prices and markets adjust over time, but there is debate over how long it takes for these adjustments to occur. Some economists believe that markets adjust quickly and efficiently, while others argue that adjustments can take a long time and can be affected by various factors such as government policies, market power, and information asymmetries.

Macroeconomists Agree That Prices and Markets Adjust, but Differ on How