One explanation why the economy does not self correct quickly is-08969
One explanation why the economy does not self correct quickly is
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.2.
One explanation why the economy does not self correct quickly is
With less consumption and more savings the interest rate will drop
In the short run workers are fully employed and cannot produce enough to get to long run equilibrium
Wages and prices are flexible
Wages and prices are sticky
