Which Market Adjusts the Quickest in Response to Shocks to the Economy

question 65

Multiple Choice

Which market adjusts the quickest in response to shocks to the economy?

• A)The asset market
• B)The labor market
• C)The goods market
• D)The asset, labor, and goods markets adjust at about the same speed to eliminate a disequilibrium in the macroeconomy.

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Definitions:

Accumulating

The process of gathering or amassing objects, facts, or information over a period of time.

Autonomy

The ability or right of individuals to make their own choices and decisions.

Attention

Concentrating one's mental faculties on a single aspect of the environment, while sidelining other details.

Electronic Message Alerts

Notifications generated by electronic devices to inform the user of incoming messages or information.