The Economy's Self-Correcting Mechanism Is Such That Demand Shocks Are

question 138

True/False

The economy's self-correcting mechanism is such that demand shocks are offset in the long run by shifts of aggregate supply and supply shocks are offset by shifts of aggregate demand.

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Definitions:

Benthos

Organisms that live on, in, or near the seabed, part of the complex ecosystem of the ocean floor.

Decomposer

Organisms that break down dead or decaying organisms, contributing to the nutrient cycle by recycling nutrients back into the ecosystem.

Earth's Surface

The outermost layer of the Earth, consisting of the crust and the upper part of the mantle.