Since the End of World War II,the U

question 43

Multiple Choice

Since the end of World War II,the U.S.has almost always had rising prices and an upward trend in real GDP.This can be explained

• A)only by technological progress.
• B)only by money supply growth.
• C)by technological progress and money supply growth.
• D)None of the above is correct.

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding contradictory beliefs, values, or attitudes, often leading to an alteration in one of them to reduce the dissonance.

Induce

To bring about or give rise to something, often through a specific action or procedure.

Opposed

To be in disagreement or in conflict with something or someone.

Attitudes

An individual's learned predispositions to respond in a consistently favorable or unfavorable manner with respect to a given object.