Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the neoclassical economists, the economy will always seek a level of long-term full employment in the short and long run. prices should fluctuate

According to the neoclassical economists, the economy will always seek a level of long-term full employment in the short and long run. prices should fluctuate based on the wants of consumers. markets will adjust itself to shortages and surpluses. All of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Theory and Applications

Authors: Edgar K. Browning, Mark A. Zupan

12th edition

9781118920060, 1118758870, 1118920066, 978-1118758878

More Books

Students also viewed these Economics questions