Most Economists Agree That the Self-Correcting Mechanism Works

question 6

Multiple Choice

Most economists agree that the self-correcting mechanism works

• A)very slowly.
• B)very rapidly.
• C)rapidly in the short run and slowly in the long run.
• D)slowly in the short run and rapidly in the long run.

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E-business

Business processes conducted over the internet including buying and selling of goods, services, and the management of digital transactions.

Virtual Space

An online, digital environment where users can interact with each other and with digital objects.

Knowledge Workers

Individuals whose jobs primarily involve processing, analyzing, and manipulating information as opposed to manual labor.

Global Economy

The interconnectedness of national economies around the world, facilitating international trade, investment, and economic policy-making.