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Home Q & A Board Other Fields Homework Help Business Economics
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Chako Chako
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8 years ago
An economy's long-run equilibrium is
A) the equilibrium that would occur if prices were perfectly flexible and always adjusted immediately to preserve full employment.
B) the equilibrium that would occur if prices were perfectly flexible.
C) the equilibrium that would occur if prices were perfectly flexible and always adjusted immediately.
D) the equilibrium that would occur if prices were perfectly fixed to preserve full employment.
E) the equilibrium that would occur if prices were perfectly fixed at the full employment point.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 130 times
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
Correct!
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#3
8 years ago
Good luck
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