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The following is an example of a long-run adjustment general motors lays off 2,000 assembly line workers. is option C.
The lengthy-run self-adjustment is a technique through which the economy resets itself to its equilibrium factor after a marketplace shock inside the economic system. ultimately, fees and wages are flexible. in the end, the equilibrium is restored at complete employment output due to modifications in costs and wages.
Long-run self-adjustment. the method through which an financial system will go back to full employment output even without authorities intervention. monetary increase. an boom in an economic system's ability to supply items and services; inside the advert-AS version economic boom is represented via an incr.
The long-run self-adjustment is a manner via which the economy resets itself to its equilibrium factor after a marketplace surprise within the economy. in the long run, prices and wages are flexible. ultimately, the equilibrium is restored at full employment output due to modifications in expenses and wages.
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