The Standard Cobweb Model Makes the Following Two Assumptions

The standard cobweb model makes the following two assumptions:

A) Workers are forward-looking, and job adjustments take time.
B) Workers are myopic, and job adjustments take time.
C) Workers are forward-looking, and job adjustments are instantaneous.
D) Workers are myopic, and job adjustments are instantaneous.
E) Workers are myopic, and retraining of one's skills happens instantaneously.

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