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
Q330: Which school of thought believes that real
Q331: In Japan in 2000 the price level
Q332: A Keynesian economist believes that
A) the economy
Q333: Q334: Q336: Consider a BMW automobile plant. If the Q337: A classical economist believes that Q338: Which of the following statements correctly describes Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) if the
