In a self-regulating economy, inflationary and recessionary gaps
A) never occur.
B) are eliminated by forces internal to the economy, without government intervention.
C) are eliminated by timely actions of government policymakers.
D) are the desirable results of microeconomic price adjustments.
B
Economics
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Refer to Table 2-2. Assume Nadia's Neckties only produces ascots and bowties. Nadia faces ________ opportunity costs in the production of ascots and bowties
A) negative B) decreasing C) increasing D) constant
Economics
The real interest rate equals:
a. the nominal interest rate minus the inflation rate. b. the nominal interest rate plus the inflation rate. c. the inflation rate minus the nominal interest rate. d. none of the above.
Economics