The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output.
B. government policy.
C. decreasing inflation only.
D. increasing or decreasing inflation.
Answer: D
Economics
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Using a Website created by the Sacramento Bee in 2008 that published the salaries of all California state employees, economists conducted research and found that
A) job satisfaction depends only on a person's salary. B) employees with above-median earnings were, surprisingly, the least satisfied with their jobs. C) knowing their co-workers' salaries affected employees' job satisfaction. D) no employees seemed to be unsatisfied with their jobs or the salaries they were earning.
Economics
When input prices adjust slowly, the multiplier is smaller.
Answer the following statement true (T) or false (F)
Economics