Most economists agree that the economy will adjust to a recessionary gap, but the adjustment process
A. is rapid and destabilizing.
B. is moderately quick, but not as rapid as necessary.
C. takes place solely on the supply side.
D. is very slow.
Answer: D
Economics
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What will be an ideal response?
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Asymmetric information means
A) some market participants have more information than others. B) some news are more important than others. C) some market participants interpret news differently. D) the impact of news on economic outcomes depends on the context.
Economics