Macroeconomists Agree

question 77

Multiple Choice

Macroeconomists agree

• A) that prices and markets adjust, but differ on how long it takes.
• B) that business cycles happen even without government failure.
• C) that there is some role for government, but differ on how big a role.
• D) on all of the above.
• E) on none of the above.

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Definitions:

Congress Representation

The process by which citizens are represented in Congress, the legislative body of the United States, typically through elected officials.

African Americans

A racial or ethnic group in the United States identified by their ancestry from native African populations, with a unique history, culture, and social experiences.

White Women

Refers to females of European descent or who identify with the white racial category in societal contexts.

Rational-legal

Rational-legal is a term often used to describe a form of authority or governance system where power is legitimized by legally enacted rules and regulations, as opposed to tradition or charismatic leadership.