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Evidence Concerning Hyperinflation Indicates a Clear Link Between the Money

question 18

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Evidence concerning hyperinflation indicates a clear link between the money supply and the price level for


Definitions:

Formalization

The process of creating formal rules and procedures to standardize organizational activities and decisions.

Simple Structure

A term used in organizational theory referring to an organizational design with low departmentalization, wide spans of control, centralized authority, and minimal formalization.

Professional Bureaucracy

A decentralized form of organization that emphasizes the expertise of the professionals in the operating core of the organization.

Machine Bureaucracy

A moderately decentralized form of organization that emphasizes support staff differentiated from the line operations of the organization, limited horizontal decentralization of decision making, and a well-defined hierarchy of authority.

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