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Question
1 microeconomics functions on the principle that markets soon create equilibrium. in macroeconomics, the economy may be in a state of disequilibrium. which of the following is not an example of disequilibrium? a stable economy an economic depression an economic recession an economic boom
Disequilibrium describes an economy not in balance, with mismatches between supply/demand. Recessions, depressions, and booms are all imbalanced, out-of-equilibrium states. A stable economy is in equilibrium, so it is not an example of disequilibrium.
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a stable economy