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Some economists believe the economy is self-regulating. What does this mean?
Wiki User
∙ 9y ago
When an economy is self-regulating it means that the laws of supply and demand will be enough to control or monitor spending. If a supply is low the demand becomes higher, this in turn, may drive prices up if producers cannot keep up with consumer demand.
Wiki User
∙ 9y ago
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Why do economists describe the us economy as a mixed market economy?
Citizens have economic freedoms with some government regulation
List of Famous economists and their contributions?
Benjamin Graham, Franco Modigliani , Friedrich von Hayek and Gunnar Myrdal are some of the famous economists who impacted positively the economy of the world.
Some economists believe fiscal policy and monetary policy do not work very well.?
True
What is the economy growth rate?
In 2018, the U.S. economy grew by 2.9%. Some economists believe that this number represented a high point for some time to come. They were forecasting an expansion of 2.2% in 2019, and a further slowing in 2020.
Some people believe that a weak economy will result in?
a higher crime rate
Why do economists describe the us economy as a mixed market economy?
Citizens have economic freedoms with some government regulation
Is this a correct parallel sentence According to some economists neither high unemployment nor large deficits will keep the economy from rebounding?
According to some economists, neither high unemployment nor large deficits will keep the economy from rebounding.
List of Famous economists and their contributions?
Benjamin Graham, Franco Modigliani , Friedrich von Hayek and Gunnar Myrdal are some of the famous economists who impacted positively the economy of the world.
What is the predictions towrds are economy?
Economy is influenced by several factors. It is difficult to predict economy accurately and based on several parameters economists could predict it to some extent only.
Some economists believe fiscal policy and monetary policy do not work very well.?
True
What is the economy growth rate?
In 2018, the U.S. economy grew by 2.9%. Some economists believe that this number represented a high point for some time to come. They were forecasting an expansion of 2.2% in 2019, and a further slowing in 2020.
Some people believe that a weak economy will result in?
a higher crime rate
Is China better off today?
Some people believe that China is better off today because of a growing economy. Some people believe that the growth of the economy is destroying the culture of China, so this is a matter of opinion.
Who were some major economists and what were their ideas?
Freedom
Some economists argue that at low levels of GDP lower than the long-run level of output?
Some economists maintain that under the conditions of a liquidity trap. Today, most economists favor a low and steady rate of inflation.
What aspect of socialism did some Americans believe offered way out of the depression?
a state-run economy
The economist believes that governmental control interfers with producer and consumer sovereignty?
Many economists, especially in the US, would prefer a completely open free market economy, without any government interference in the forms of rules and regulations. However, most people believe there need to be at least some laws in place to prevent things like monopolies or corruption.
