Activists Believe That

question 107

Multiple Choice

Activists believe that

• A) there is sufficient flexibility in wages and prices to allow the economy to equilibrate at full-employment Real GDP in a reasonable period of time.
• B) discretionary fiscal policies do not work.
• C) discretionary monetary policies do not work.
• D) fine-tuning to smooth out the business cycle is feasible.

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Definitions:

Chain of Command

A hierarchical structure in organizations that establishes authority levels and dictates how instructions are passed from top to bottom.

Departmentalization

The organizational practice of dividing a business into separate departments or units, each focusing on specific tasks or objectives.

Common Supervision

The practice of overseeing and managing employees or departments by a single supervisor or management entity.

More Formalized

Pertains to structures or procedures being more rigorously and precisely specified or organized.