Given the Assumptions of the Classical Model

question 140

Multiple Choice

Given the assumptions of the classical model

• A) the economy will often experience recessions and expansions.
• B) expansion will be the normal condition, but recessions will often be severe and require government intervention.
• C) the macroeconomy is erratic, and problems will often be increased over time.
• D) the market is a self-correcting mechanism.

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Definitions:

Organizational Development

A planned, organization-wide effort to increase an organization's effectiveness and viability, often involving interventions in its processes, operations, or culture.

Sociotechnical System

A method for designing sophisticated organizational work that acknowledges the relationship between individuals and technology in the workplace.

Geographical Manager

A manager responsible for overseeing operations, performance, and strategy implementation across different geographic locations or territories.

Functional Manager

A manager responsible for a specific business function or department within an organization, such as marketing, finance, or production.