Multiple Choice
Which of the following statements is INCORRECT?
A) A classical macroeconomist believes that the money wage rate adjusts slowly.
B) A Keynesian believes the business cycle is mainly influenced by changes in peopleʹs expectations.
C) A monetarist believes that recessions are the result of erratic monetary policy.
D) A new classical macroeconomist believes the business cycle is the efficient response to the uneven pace of technological change.
Correct Answer:
Verified
Correct Answer:
Verified
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Q123: Which of the following can be said
Q124: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -The curve labeled
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Q127: Other things constant, the economyʹs aggregate demand
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Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -The above figure
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Q393: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above