Which of the Following Is NOT One of the Criticisms

question 318

Multiple Choice

Which of the following is NOT one of the criticisms of real business cycle theory?

• A) Inter- temporal substitution is too weak.
• B) The theory is built on weak microeconomic foundations.
• C) The money wage rate is sticky in the short run.
• D) Productivity fluctuations are the result of the business cycle, not the cause of business cycles.

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Definitions:

Business

The organized efforts and activities of individuals to produce and sell goods and services for profit.

External Force

Factors outside an organization that can affect its performance or operations, such as market trends, regulatory changes, or economic conditions.

Organizational Change

Organizational change involves the process through which companies modify major components of their operations, structures, or strategies to address internal or external opportunities or challenges.

Customer Feedback

Information coming directly from customers about the satisfaction or dissatisfaction they feel with a product or a service, often used for improvement and adjustments.