The "No - Markets Fail Often" Camp

question 69

Multiple Choice

The "No - Markets Fail Often" camp

• A) focuses on the long-run.
• B) believes business cycles happen regularly.
• C) believes in the economy's ability to hit macroeconomic performance targets.
• D) believes in Say's Law.
• E) does all of the above.

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Definitions:

Labor Practices

Refers to the standards, methods, and conditions under which work is performed and workers are treated within organizations or industries.

Consensus-Making

The process of making decisions that are agreed upon by all members of a group.

Hierarchical Power-Sharing

A system of governance or organizational structure where power and authority are distributed according to levels of hierarchy but are shared among different ranks.

Prejudice

A preconceived opinion or judgment about someone or something that is not based on reason or actual experience, often negatively biased.