Which Statement Is FALSE

question 144

Multiple Choice

Which statement is FALSE?

• A)Wages are not downwardly flexible.
• B)The rational expectations theorists argue that there is a natural level of real GDP toward which the economy gravitates.
• C)The rational expectations theorists believe anti-recession policies have no effect,but admit anti-inflationary policies may be wise.
• D)The rational expectations theorists believe that aggregate supply is the prime economic mover.

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Definitions:

Rescission

The revocation, cancellation, or repeal of a contract, returning all parties involved to their positions prior to the agreement.

Restitution

The act of compensating for loss, damage, or injury caused; involves returning to the original state or compensating for loss.

Breach Of Contract

Neglecting to comply with any aspect of a contract, documented or verbal, without a lawful excuse.

Rescission

The legal act of cancelling or terminating a contract, returning the parties, as much as possible, to their positions prior to entering the agreement.