Which of the Following Statements Is INCORRECT

question 97

Multiple Choice

Which of the following statements is INCORRECT?

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

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Definitions:

Leptin

A hormone that, when released into the bloodstream, signals the hypothalamus that the body has had enough food and reduces the appetite while increasing the feeling of being full.

Incentive Approaches

Theories of motivation in which behavior is explained as a response to the external stimulus and its rewarding properties.

Internal Stimuli

Signals originating from within the body that influence feelings, thoughts, or behaviors, such as hunger, pain, or internal emotional states.

Innate Patterns

Fixed sequences of behavior or instincts present in animals from birth, not learned from experience, and manifest under certain conditions to ensure survival.