Economists Believe That Most Short-Run flUctuations

question 45

Multiple Choice

Economists believe that most short-run fluctuations

• A) are the result of demand shocks.
• B) are the result of supply shocks.
• C) will not last long because prices will adjust to equalize the quantities demanded and supplied of goods and services.
• D) will always have a negative effect on real GDP, inflation, and unemployment.

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