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A Necessary Condition for the Economy to Be Self-Regulating Is

Question 95

Multiple Choice

A necessary condition for the economy to be self-regulating is that


A) wages must be relatively high.
B) the labor market must always be in equilibrium.
C) the interest rate must be above its equilibrium level.
D) wages must be flexible in both an upward and downward direction.
E) none of the above

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