Which of the Following Is a True Statement

question 117

Multiple Choice

Which of the following is a true statement?

• A) A decrease in aggregate demand was not possible according to the classical economists but was possible according to Keynes.
• B) A decrease in aggregate demand has no short-run effects according to the classical economists but had significant effects according to Keynes.
• C) Classical economists believed real GDP adjusted more than prices when aggregate demand fell, while Keynes argued that prices adjusted more than output.
• D) Classical economists believed price adjusted more than output when aggregate demand fell, while Keynes argued real GDP adjusted more than prices.

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Definitions:

Strategy and Structure

Refers to the alignment of an organization's strategic goals with its structural design to enhance efficiency, effectiveness, and competitive advantage.

Culture and Execution

How the shared values, beliefs, and practices within an organization influence its ability to implement strategies effectively.

Focused Strategy

A business approach where a company targets a specific niche or segment of the market, concentrating its efforts and resources to serve that segment to the exclusion of others.

Vertical (Y) Axis

The axis in a chart or graph that runs vertically (up-and-down) and typically represents the range of values for a given variable.