According to the Great Moderation Consensus Today, an Unemployment Rate

question 209

Multiple Choice

According to the Great Moderation consensus today, an unemployment rate of 6% when the natural rate is 4.5% should be countered by:

• A) decreases in government spending.
• B) increases in tax rates.
• C) increases in the rate of growth of the money supply.
• D) decreases in the rate of growth of the money supply.

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Definitions:

Moral Development

The growth of an individual's understanding of right and wrong, including the formation of ethical and moral beliefs throughout life.

Piaget

A Swiss psychologist known for his pioneering work on children's cognitive development, proposing stages through which children progress as they grow.

Kohlberg

Referring to Lawrence Kohlberg, a psychologist known for his theory of moral development which is based on the concept of moral reasoning.

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, laws, and rules.