Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If prices are flexible and quickly adjust to new equilibriums, Question 37 options: markets will quickly adjust to changes and the macroeconomy will usually be
If prices are flexible and quickly adjust to new equilibriums, Question 37 options: markets will quickly adjust to changes and the macroeconomy will usually be at full employment. markets will be slow to adjust to changes, so the macroeconomy can get stuck in a recession
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started