Which of the Following Groups of Economists Is Most Likely

question 141

Multiple Choice

Which of the following groups of economists is most likely to favor annually balanced federal budgets?

• A) mainstream economists
• B) supply-side economists
• C) rational expectations economists
• D) functional finance economists

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Definitions:

Centralization

The concentration of decision-making authority at the top levels of organizational hierarchy, limiting the autonomy of lower-level employees.

Specialized Jobs

Positions that are focused on a narrowly defined set of tasks, requiring specific skills and knowledge.

Formal Hierarchy

The organized structure of roles and responsibilities within an organization, often depicted in an organizational chart.

Narrow Span

Refers to a managerial structure where each manager oversees a small number of subordinates, allowing for more close-knit supervision and communication but potentially increasing organizational layers.