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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Definitions:

Arthropods

The largest phylum of animals, including insects, spiders, and crustaceans, characterized by an exoskeleton, segmented body, and jointed limbs.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding to produce fertile offspring.

Arachnida

A class of joint-legged invertebrate animals in the arthropod phylum, including spiders, scorpions, ticks, and mites.

Insecta

The class of arthropods that includes insects, characterized by a three-part body, compound eyes, antennae, and, typically, two pairs of wings.