The "No - Markets Fail Often" Camp Argues That

question 274

Multiple Choice

The "No - Markets Fail Often" camp argues that

• A) interest rates are more important than expectations for business investment decisions.
• B) most shocks are external to the economy.
• C) demand shocks are more important than supply shocks for explaining business cycles.
• D) business expectations are rational.
• E) government is part of the problem of business cycles.

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Definitions:

Mission Statement

A concise explanation of an organization's purpose, outlining its aims, values, and direction.

Strategic Management

The field of management that involves setting objectives, analyzing the competitive environment, assessing internal organization, evaluating strategies, and ensuring that management rolls out the strategies across the organization.

Strategies

Plans of action designed to achieve a long-term or overall aim.

Capacity Building

The method of enhancing and fortifying the competencies, intuitions, capabilities, procedures, and assets necessary for organizations and communities to persist, adjust, and prosper in a rapidly evolving environment.