QUESTION IMAGE
Question
- 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
Brief Explanations
Economic depressions, recessions, and booms are all periods of macroeconomic disequilibrium where the economy operates outside its long-run stable state. A stable economy represents a state of equilibrium, so it is not an example of disequilibrium.
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a stable economy