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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
To describe recessions as a "cluster of errors" in the economy means
A) markets never clear, even in the best of times.
B) something has caused people to systematically misread the signals provided by the market process.
C) the laws of supply and demand have failed to work.
D) monopolies force people out of work.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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VincenzoDVincenzoD
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Posts: 1913
8 years ago
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Sublight2097 Author
wrote...
8 years ago
Another one in the books, marking it solved.
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