Which of the Following Statements Is Not True

question 16

Multiple Choice

Which of the following statements is not true?

• A) Classical macroeconomists think that prices and wages adjust rapidly in response to the shocks.
• B) Keynesian macroeconomists think that it may take several years for the economy to reach general equilibrium.
• C) Classical and Keynesian macroeconomists both agree that money is neutral in the long run.
• D) Keynesian macroeconomists argue that money is neutral in the short run but not in the long run.

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Definitions:

Divisions

Sections or branches of a company, each specializing in a particular area of the organization's overall function.

Symbolically

In a manner that uses symbols or is representative of larger concepts or ideas, often carrying deeper meanings.

Organisational Pyramid

A hierarchical structure of an organization that illustrates the ranking of positions and the flow of authority from the top (executives) to the bottom (entry-level positions).

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.