Which Market Adjusts the Most Quickly in Response to Shocks

question 83

Multiple Choice

Which market adjusts the most quickly in response to shocks to the economy?

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

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Definitions:

Deceive

To mislead or trick someone into believing something that is not true.

Business

The activity of making, buying, or selling goods or providing services in exchange for money.

Spelled Correctly

Correct formation of words with the proper letters in their conventional order.

Look-alike/sound-alike Error

A mistake that occurs due to confusion between words that appear similar or sound similar but have different meanings.