Mainstream Economists Question the New Classical Assumption That

question 261

Multiple Choice

Mainstream economists question the new classical assumption that

• A) excessive growth of the money supply is a cause of inflation.
• B) the price level is determined by aggregate demand and aggregate supply.
• C) demand creates its own supply.
• D) wages and prices are equally flexible upward and downward.

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Definitions:

Edmondson

might refer to Amy Edmondson, known for her work on teaming, psychological safety, and organizational learning, though without additional context, the specific reference is unclear.

Hackman

Refers typically to J. Richard Hackman, a psychologist known for his work on team dynamics, leadership, and organizational behavior.

Effectiveness Of Teams

The degree to which a team achieves its goals, fulfills stakeholder expectations, and succeeds in its tasks and challenges.

Adaptive Growth

The capacity of an individual or organization to evolve and grow in response to changes and challenges.