Which of the Following Statements Is INCORRECT

question 22

Multiple Choice

Which of the following statements is INCORRECT?

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

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Definitions:

10-11 P.M.

A time slot in the late evening, often associated with adult-oriented television programming or the hour before midnight.

4-5 A.M.

A time period in the early morning often considered quiet and still, sometimes associated with spiritual or reflective practices.

5-7 P.M.

A time period in the evening often considered as "rush hour" or a transitional time between work and home life for many people.

9-11 A.M.

A time range in the morning hours, typically recognized as a period for work, meetings, or other scheduled activities.