In the Rational Expectations View

question 16

Multiple Choice

In the rational expectations view:

• A) Wages are flexible downward but prices are inflexible downward
• B) Prices are flexible downward but wages are inflexible downward
• C) Discretionary policy tends to be countercyclical
• D) Discretionary policy tends to be ineffective

Know the enforcement agencies and laws regarding workplace safety and consumer rights.

Identify the aspects and importance of ethical, legal, economic, and voluntary dimensions of social responsibility.

Understand the impact of social responsibility on business operations and stakeholder relationships.

Grasp the concept of sustainability and its importance in business strategies.