Economics · Macroeconomic Theories
According to Arthur Pigou, the primary mechanism responsible for automatic long-run adjustments and full employment in the labour market is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The change in flexible wage rates✓
- 2The change in population
- 3The change in interest rates
- 4The change in demand and supply of goods
Correct answer
The change in flexible wage rates
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