Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Unstable outcomes mean that Multiple choice question. there is a lot of instability on the way to reaching the full-employment equilibrium, but once there, the

Unstable outcomes mean that Multiple choice question. there is a lot of instability on the way to reaching the full-employment equilibrium, but once there, the economy is stable. AS and AD can never bring an economy close to the full-employment equilibrium. once AD and AS reach the full-employment equilibrium, shifts of AD and AS can move the economy away from that equilibrium. the price-output relationship at equilibrium may not satisfy our macroeconomic goals

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

Bank Management

Authors: Timothy W Koch, Steven Scott MacDonald, S Scott MacDonald

6th Edition

0324289278, 9780324289275

More Books

Students also viewed these Economics questions

Question

Values: What is important to me?

Answered: 1 week ago