The Classical Model

question 71

Multiple Choice

The Classical model

• A) is now discredited
• B) was developed by John Maynard Keynes
• C) has been completely displaced by the short-run macro model
• D) helps us to understand the performance of the economy in the long run
• E) is most useful in helping us to predict when an economic downturn will occur

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Definitions:

Deviance

Behaviors or actions that violate societal norms and expectations, which can vary widely between cultures and settings.

Organizational Imperative

A crucial or essential action, policy, or procedure that is considered necessary for the successful operation of an organization.

Chambliss

Likely referring to William J. Chambliss, a sociologist known for his research on the sociology of law, crime, and deviance.

Red Tape

Excessive bureaucracy or adherence to rules and formalities, often causing delay or unnecessary complexity in decision-making processes.