Which of the Following Statements Is INCORRECT

question 125

Multiple Choice

Which of the following statements is INCORRECT?

• A) A classical macroeconomist believes that the money wage rate adjusts slowly.
• B) A Keynesian believes the business cycle is mainly influenced by changes in peopleʹs expectations.
• C) A monetarist believes that recessions are the result of erratic monetary policy.
• D) A new classical macroeconomist believes the business cycle is the efficient response to the uneven pace of technological change.

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Definitions:

Gross Negligence

An act committed with extreme reckless disregard for the property or life of another person.

Bailee

A person or entity that temporarily holds property belonging to another under a bailment agreement, usually for a specific purpose.

Common Carriers

Companies that provide transportation services to the general public under license or authority provided by a regulatory body.

Transportation Services

The sector or services involved in the movement of goods and individuals from one location to another.