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Which of the Following Statements Is INCORRECT

Question 22

Multiple Choice

Which of the following statements is INCORRECT?


A) A monetarist believes that recessions are the result of erratic monetary policy.
B) A new classical macroeconomist believes the business cycle is the efficient response to the uneven pace of technological change.
C) A Keynesian believes the business cycle is mainly influenced by changes in people's expectations.
D) A classical macroeconomist believes that the money wage rate adjusts slowly.

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