Activists believe that ________
A) frictions to the self-correcting mechanism of markets prevent prices and wages from being very flexible
B) it takes a very long time to reach the long run
C) Keynes was right with his statement "in the long-run, we are all dead"
D) all of the above
E) none of the above
D
You might also like to view...
Consider the following short-run production function: q = 5L2 - 1/3 L3. At what level of L do diminishing marginal returns begin? At what level of L do diminishing returns begin?
What will be an ideal response?
Bid-rigging has all of these features EXCEPT
a. It is a collusive agreement b. The bid-riggers pay a smaller amount than without bid-rigging c. Bid-riggers need an auxiliary mechanism to allocate the good within the bid-riggers d. Bid rigging is usually a legitimate and legal strategy for the buyer-side