Multiple Choice
Most economists think that the economy's self-correcting mechanism is
A) relatively rapid.
B) rapid in the short run and sluggish in the long run.
C) sluggish in the short run and rapid in the long run.
D) relatively sluggish.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: The Phillips curve assumes that shocks to
Q10: The short-run aggregate supply curve is upward
Q11: Demand-side inflation is the rise in inflation
Q12: Figure 33-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 33-8
Q13: The Phillips curve shows the relationship between<br>A)the
Q15: One piece of evidence that business fluctuations
Q16: If the aggregate supply curve shifts outward,
Q17: Stimulating demand will improve the unemployment picture
Q18: Keynesian economists generally agree that unemployment is
Q19: A scatter diagram of the position of