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:

Total Assets Turnover

A financial ratio that measures the efficiency of a company's use of its assets to generate sales revenue.

Equity Multiplier

A measure of a company's financial leverage, calculated by dividing its total assets by total stockholders' equity.

Net Income

The net income of a company once all costs and taxes are subtracted from the total earnings.

Total Assets Turnover

A financial ratio that measures a company's efficiency in using its assets to generate revenue.