Which of the Following Assumptions Is Crucial to the Classical

question 5

Multiple Choice

Which of the following assumptions is crucial to the classical macroeconomic model's assertion that the economy has built-in forces that automatically eliminate unemployment and quickly move the economy to its potential level of real GDP?

• A)Profit motive
• B)Rigid wages and prices
• C)Flexible wages and prices
• D)Natural rate of unemployment

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Definitions:

Team Effectiveness

The degree to which a team is able to achieve its objectives, fulfill member needs, and maintain team survival.

Coaching Behaviors

Actions and strategies employed by a coach to facilitate improvement and development in individuals or teams, focusing on feedback, encouragement, and skill enhancement.

Internal Relations

The internal communications and relationships within an organization, focusing on employee engagement, communication, and morale.

Community Action Team

A group of people who come together to address issues and make improvements within their local community.