Which of the Following Is TRUE Regarding the New Classical

question 275

Multiple Choice

Which of the following is TRUE regarding the new classical view of the business cycle?

• A) Long- term contracts cause the money wage rate to be sticky.
• B) If firms and workers anticipate an increase in aggregate demand, money wages can be adjusted.
• C) If firms and workers expect the quantity of money to increase, aggregate demand will decrease.
• D) Long- term contracts cause business cycles.

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Definitions:

Pathophysiology

The study of how disease processes affect the function of the body, focusing on the changes occurring due to diseases or injuries.

DNA

Deoxyribonucleic acid is the molecule responsible for holding the genetic blueprints vital for the growth, development, operational processes, and reproduction of every recognized living organism and numerous viruses.

Medial

Situated towards the middle or center relative to another body part or direction.

Anterior

Refers to the front position or aspect of an object or the body.