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The macro failure of unstable outcomes means that Multiple choice question. the market mechanism is broken, so an economy can never adjust to full employment.
The macro failure of unstable outcomes means that Multiple choice question. the market mechanism is broken, so an economy can never adjust to full employment. there is a lot of instability before reaching the full-employment equilibrium, but once there, the economy is stable. even if the designated macro equilibrium is optimal, it may be displaced by macro disturbances. the price-output relationship at equilibrium may not satisfy our macroeconomic goals
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