Question
What does it mean to say the economy is self regulating?Select all the correct answers. Group of answer choices -The economy gets fixed with government
What does it mean to say the economy is self regulating?Select all the correct answers.
Group of answer choices
-The economy gets fixed with government help.
-A general rise in prices will impact consumer spending and the labor market in ways that naturally reduce inflation without government action.
-High unemployment isn't sustainable, the market will correct in the form of lower wages and reach equilibrium.
-I don't even care about this economics class. I just wanted a new pair of pants and my mom made me take this class instead of buying me the same cool pant that all my friends get to wear.
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