Which market adjusts the quickest in response to shocks to the economy?
A) The asset market
B) The labor market
C) The goods market
D) The asset, labor, and goods markets adjust at about the same speed to eliminate a disequilibrium in the macroeconomy.
A
Economics
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Assume a perfectly competitive firm is producing 300 units of output, P = $10, ATC of the 300th unit is $8, marginal cost of the 300th unit = $10, and AVC of the 300th unit = $6. Based on this information, the firm is:
A) earning an economic profit of $600. B) earning an economic profit of $1,200. C) incurring a loss of $600. D) incurring a loss of $1,200.
Economics
Net exports equal imports minus exports
a. True b. False Indicate whether the statement is true or false
Economics