Which of the Following Are TRUE

question 120

Multiple Choice

Which of the following are TRUE?
I.New Keynesian economists believe that money wage rates are influenced by rational expectations of the price level.
II.New classical economists believe that money wage rates are influenced by rational expectations of the price level.
III.New classical economists believe expected changes in aggregate demand trigger business cycles.

• A) I and II
• B) I and III
• C) II and III
• D) I, II and III

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Definitions:

Holland's Theory

A theory of vocational choice that suggests people are happier and more successful in jobs that match their personal interests and personality types, categorized into six broad areas.

Modal Personal Orientation

In Holland’s theory, an aspect of personality that is a typical and preferred style or approach to dealing with social and environmental tasks. Most jobs or careers will be compatible with one of the six orientations: realistic, investigative, artistic, social, enterprising, and conventional.

Vocational Environments

Work settings or employment contexts that are focused on career and technical education, aimed at preparing individuals for specific trades or professions.

Vocational Interests

These are preferences for certain types of work or careers, which reflect an individual's personality, skills, and values.