The Self-Correcting Mechanism Is the Reason That the Economy Will

question 5

True/False

The self-correcting mechanism is the reason that the economy will behave as the classical model predicts in the long run.

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Definitions:

Irrational

refers to actions or decisions not based on logical reasoning, sound judgment, or clear thinking.

Discrimination

Actively denies minority members the full benefits of organizational membership.

Denies

The act of rejecting a statement, request, or acknowledgment; refusal.

Organizational Membership

The state or condition of belonging to or being a part of a specific group, company, or institution, usually involving certain rights and responsibilities.