In the Classical Model, It Is Thought That the Long-Run

question 62

Multiple Choice

In the classical model, it is thought that the long-run:

• A) and short-run aggregate supply curves are both upward sloping.
• B) aggregate supply curve is vertical and the short-run aggregate supply curve is upward sloping.
• C) and short-run aggregate supply curves are both vertical.
• D) aggregate supply curve is upward sloping and the short-run aggregate supply curve is vertical.

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Definitions:

Organizational Structure

The way in which an organization arranges its lines of authority, communications, duties, and resources.

Divisionalized Structure

An organizational framework where operations are segregated into semi-autonomous divisions, each focusing on a specific product line or market segment.

Matrix Structure

An organizational design that combines two or more types of structures, typically functional and divisional, to leverage the benefits of both.

Project Teams

Groups of individuals brought together to accomplish a specific project or objective within a limited time frame.