The Belief That the Self-Regulating Capabilities of a Market Economy

question 16

Multiple Choice

The belief that the self-regulating capabilities of a market economy are insufficient to ensure a stable,full-employment equilibrium is associated with

• A) monetarists.
• B) Keynesians.
• C) supply siders.
• D) rational expectations theorists.
• E) new classical macroeconomists.

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Definitions:

Disruptions

Events or activities that cause a disturbance or interruption in normal operations or supply chain activities.

Susceptibility

The likelihood or predisposition to be influenced or harmed by a particular factor or condition.

Transportation Cost

Expenses associated with the movement of goods or materials from one location to another, including fuel, labor, and maintenance expenses.

Economic Deregulation

Reduction of government power over certain industries, aimed at improving market efficiencies and fostering competition.