Most Economists Think That the Economy's Self-Correcting Mechanism Is

question 14

Multiple Choice

Most economists think that the economy's self-correcting mechanism is

• A)relatively rapid.
• B)rapid in the short run and sluggish in the long run.
• C)sluggish in the short run and rapid in the long run.
• D)relatively sluggish.

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Definitions:

Complexes

A collection of thoughts, feelings, attitudes, and memories that focus on a particular concept or theme, often influencing an individual's attitude and behavior unconsciously.

Last-Borns

Refers to the youngest children in a family, whose personalities are often thought to be influenced by their birth order.

Dependent On Others

Describes individuals or entities that rely on external support or assistance for their needs or actions.

Intelligent

The ability to learn, understand, and apply information, skills, and reasoning.