How Rapidly Does the Economy's Self-Correcting Mechanism Work? Most Economists

question 130

Multiple Choice

How rapidly does the economy's self-correcting mechanism work? Most economists agree that it

• A)works quickly and reliably.
• B)works slowly and not very reliably.
• C)works reliably, but not very quickly.
• D)does not work at all.

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Definitions:

Grain

Cereal crops that are harvested for human or animal consumption.

Rats

Rodents known for their adaptability to various environments, often considered pests due to their diet, which can include stored food and their potential to spread diseases.

Consume

The action of using up a resource or goods, often associated with the act of purchasing and using products and services.

Bushels

A unit of volume that is commonly used in agriculture for measuring quantities of grain, fruit, and other agricultural produce, typically equal to about 35.24 liters in the U.S.