Which Statements Do Economists NOT Agree On

question 61

Multiple Choice

Which statements do economists NOT agree on?

• A) Increases in the money supply shift aggregate demand to the right.
• B) In the long run, increases in the money supply increase prices, but not output.
• C) Recessions are associated with decreases in consumption, investment, and employment.
• D) Government should use fiscal policy to try and stabilize the economy.

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Definitions:

Sons and Daughters

Male and female offspring in a family.

Parenting Quality

A measure of the behaviors and actions of parents towards their children, which directly or indirectly influence the child’s psychological and emotional development.

Childcare

The care and supervision of a child or children, typically from infancy to adolescence, by a person other than the child's legal guardians.

Postconventional

A stage in Kohlberg's theory of moral development where individuals' moral reasoning is based on internal principles that transcend societal and legal norms.