What is the principal difference between a U-form and an M-form organization?
A U-form organization has a centralized decision making process, while an M-form has a more decentralized system. The M-form keeps many decisions at the divisional level that would be sent to headquarters in a U-form firm.
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The unemployment rate
A) rises during times of rapid economic growth and falls during times of slow economic growth. B) rises during recessions and falls during booms. C) rises during booms and falls during recessions. D) tends to remain the same in booms and recessions.
According to the real business cycle theory, which of the following would be a real disturbance to the economy?
A) change in the required reserve ratio B) reduction in the money supply C) increase in the rate at which married women participate in the labor force D) increase in the price level