Monetarists Base Their Assessment of the Speed of Adjustment for Self-Correction

question 184

Multiple Choice

Monetarists base their assessment of the speed of adjustment for self-correction in the economy on

• A)adaptive expectations.
• B)rational expectations.
• C)coordination failures.
• D)efficiency wages.

---

Definitions:

Positive Force

A constructive influence or impact that leads to beneficial changes or outcomes.

Negative Force

An influence or factor that detracts from, hampers, or opposes positive outcomes or progress.

Labor Relations

The study and practice of managing relationships between employers and employees, focusing on negotiation, implementation of agreements, and resolution of disputes.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.