If the Economy Experiences an Inflationary Gap, a Contractionary Monetary

question 107

Multiple Choice

If the economy experiences an inflationary gap, a contractionary monetary policy will

• A) increase interest rates and increase exchange rates.
• B) increase interest rates and decrease exchange rates.
• C) decrease interest rates and increase exchange rates.
• D) decrease interest rates and decrease exchange rates.

Grasp the concepts of negligence and the duty of care in tort law.

Differentiate between types of damages (special, general, punitive) in tort law.

Understand the legal standards applicable to professionals and ordinary persons in negligence actions.

Recognize the significance of intent and motive in establishing tort liability.

---

Definitions:

Selective Perception

The process by which individuals perceive what they want to in media messages while ignoring opposing viewpoints, often based on their background, experiences, and biases.

Selective Exposure

The tendency of individuals to preferentially seek out and pay attention to information that conforms to their pre-existing beliefs and values, while avoiding contradicting information.

Federal Trade Commission

An independent agency of the United States government, established to promote consumer protection and eliminate and prevent anticompetitive business practices.

Selective Retention

The process by which individuals remember information that is consistent with their beliefs and attitudes, while forgetting or ignoring contradictory information.