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the proximity to equilibrium that can be attainedhow long the process toward a stable equilibrium takesCorrect!that markets do move toward a stable equilibriumthe government mechanisms that can aid the process to equilibriumQuestion 41 / 1 ptsRegarding monetary policy, what is the Keynesian argument against the monetarists?Money supply cannot be controlled.Money supply is unaffected by the price level.Velocity of money is not connected to monetary policy.orrect!Velocity of money is neither very stable nor predictable.Question 5
1 / 1 ptsIn the macroeconomics context, the most accurate meaning of productivityis the measure of __________.aggregate supply per workerreal output per fiscal yearaggregate supply per hourCorrect!real output per worker hourQuestion 61 / 1 ptsCassie Culver is a skirt manufacturer. The costs of her resources (materials, expenses, and labor) are fixed for 5 months until she renegotiates contracts for those items. If before that point Cassie decides to raise her prices, she will likely experience __________.a 1- or 2-month profit stagnationan equilibrium in her economic situationCoshort-term profit surges if she slowly expands outputassured long-term profits if she invests a lot of moneyQuestion 71 / 1 ptsWhat occurred in October 1979 that was later labeled the “Saturday night special”?