Multiple Choice
Which market adjusts the most quickly in response to shocks to the economy?
A) the asset market
B) the labour market
C) the goods market
D) The asset,labour,and goods markets adjust at about the same speed to eliminate a disequilibrium in the macroeconomy.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: When the money supply declines by 10%,in
Q50: Keynesian economists think general equilibrium is not
Q78: Analyze the following statement,and show what would
Q79: The FE line shows the level of
Q80: A temporary supply shock,such as a bumper
Q81: Suppose the intersection of the IS and
Q82: When demand for money increases,interest rate rises.This
Q84: You have just read that the Bank
Q86: Using the IS-LM and AD curves,analyze the
Q87: The main reason for the IS curve