According to Keynesian Macroeconomists,prices Adjust ________ to Shocks,so the Government

question 7

Multiple Choice

According to Keynesian macroeconomists,prices adjust ________ to shocks,so the government should ________.

• A)slowly; do little
• B)rapidly; do little
• C)rapidly; fight recessions
• D)slowly; fight recessions

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Definitions:

Treaty of Ghent

The peace treaty that ended the War of 1812 between the United States and the United Kingdom, signed on December 24, 1814.

Embargo Act

A law passed by the United States Congress in 1807 that prohibited American ships from trading in all foreign ports, aiming to avoid conflicts.

U.S.-Canada Border

The international boundary between the United States and Canada, recognized as the longest undefended border in the world, spanning various terrains and facilitating cross-border movement.