If markets throughout the global economy all have flexible and continually adjusting prices, then:
A. all market-oriented economies will implement coordinated wage reductions.
B. each economy will always head for its natural rate of unemployment.
C. each economy must shift in aggregate demand and create additional employment.
D. all changes in prices and wages will create additional employment.
Answer:B
If markets throughout the global economy all have flexible and continually adjusting prices, then:
A. all market-oriented economies will implement coordinated wage reductions. B. each economy will always head for its natural rate of unemployment. C. each economy must shift in aggregate demand and create additional employment. D. all changes in prices and wages will create additional employment.
Explanation: Type: Multiple Choice Category: Analyze