Which of the Following Is FALSE Concerning the Long Run

question 14

Multiple Choice

Which of the following is FALSE concerning the long run?

• A)Economists believe that fiscal and monetary policies have no permanent effects on the economy.
• B)Economists more or less agree that the economy tends to fluctuate around the level that is consistent with full employment.
• C)In the long run, the unemployment rate returns to its normal level.
• D)The current account must tend toward balance in the long run.
• E)None of the above.

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Definitions:

Giving Orders

The act of commanding, directing, or instructing someone to do something.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone.

Express Opinions

The act of verbally or non-verbally conveying one's personal thoughts, beliefs, or preferences.

Delegating Work

The process in which a leader or manager assigns responsibility and authority for specific tasks or projects to subordinates, allowing them to make certain decisions and take action within defined limits.