Based on the evidence, most economists believe that the self-correcting mechanism operates
a. slowly with prices, but quickly with wages.
b. slowly with wages, but quickly with prices.
c. very slowly with wages.
d. efficiently, so that stabilization policy is not necessary.
c
Economics
You might also like to view...
A dominant strategy refers to a strategy where one player knows he will always beat the other player
Indicate whether the statement is true or false
Economics
"Cost disease" refers to the tendency for high productivity in the service sector to lead to lower costs in those industries
Indicate whether the statement is true or false
Economics