When Considering the Basic Operations of the Macroeconomy,Keynesian Economists Argue

question 75

Multiple Choice

When considering the basic operations of the macroeconomy,Keynesian economists argue that

• A) the economy does not need help in moving back to full employment.
• B) prices are flexible.
• C) the market tends toward stability and full employment.
• D) savings is a drain on demand.
• E) the long run is more significant than the short run.

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Definitions:

Flatter Organizations

Organizations with fewer hierarchical levels, promoting faster decision-making, increased responsibility for employees, and often, more open communication paths.

Flexible

Capable of bending easily without breaking or able to be easily modified to respond to altered circumstances or conditions.

Less Bureaucratic

Referring to organizations or systems operating with fewer rules, formalities, and administrative procedures, aiming for greater flexibility and efficiency.

Servant Leader

A leadership philosophy which emphasizes the leader's primary role as serving the needs of their team members or employees.