Before the Development of Expectations Theory

question 78

Multiple Choice

Before the development of expectations theory,

• A) monetary policy prescriptions were strictly passive.
• B) monetary policy had no real effects in the short run.
• C) monetary policy prescriptions were strictly activist.
• D) monetary policy only had real effects in the long run.
• E) economists did not understand the idea of sticky prices.

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Definitions:

Replacement Charting

A visual tool used in human resources planning that maps out potential internal candidates for future job openings.

Forecasting Labour Supply

The process of estimating the future availability of workers, based on factors like demographic changes, education levels, and economic trends.

Human Resource Planning

Human Resource Planning is the process of identifying current and future human resources needs for an organization to achieve its goals.

Benchmarking

A process of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry.