Multiple Choice
Economist A says that the economy is self-regulating.This economist most likely believes that
A) the economy can get stuck in a recessionary gap.
B) wages and prices are inflexible downward.
C) wages and prices are flexible.
D) government should enact expansionary fiscal policy when the economy is in a recessionary gap.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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