The Economy's Self-Correcting Mechanism

question 169

Multiple Choice

The economy's self-correcting mechanism

• A)tends to push unemployment toward a specific point called the natural rate of unemployment.
• B)works better at correcting inflationary gaps than recessionary gaps.
• C)cannot work if the Phillips curve is vertical.
• D)ensures that the economy will not have to endure a long period of high unemployment.

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Definitions:

Human Zygote

The initial cell formed when a sperm cell and an egg cell merge at conception, representing the earliest stage of human development.

Matching Pairs

A method or activity that involves identifying two items that correspond with each other based on certain criteria.

Genetic Counseling

A service providing information and support to people who have or may be at risk for genetic disorders.

Ethnic Group

denotes a community or population made up of people who share a common cultural background or descent.