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:

Lodge at Vail

Lodge at Vail is a historic luxury hotel located in Vail, Colorado, known for offering upscale accommodations and services to ski enthusiasts and vacationers.

American Management Association

A professional organization dedicated to promoting and enhancing the management skills of individuals and organizations.

Internet and E-mail Use

Internet and E-mail Use within an organization relates to how employees access and utilize the internet and email systems for work-related communication and tasks.

Cell Phones

Portable electronic devices that allow for voice communication, messaging, and various other applications over cellular networks.