The "Yes - Markets Self-Adjust" Camp Argues That

question 139

Multiple Choice

The "Yes - Markets Self-Adjust" camp argues that

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

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Definitions:

Absenteeism

Refers to the habitual non-attendance of employees at their jobs without valid reasons.

Productivity

The evaluation of how well a person, machine, factory, or system transforms inputs into valuable outputs.

Security

Measures taken to protect a person, organization, or property against criminal activity, attack, damage, or unauthorized access.

Adequacy

Adequacy refers to the sufficiency of something to meet a specific requirement, need, or standard, without deficiency.