When Leslie's Dad Gets Home Before 6:00 P

question 64

Multiple Choice

When Leslie's Dad gets home before 6:00 p.m., it means he has finished a job early and is in a good mood. When Dad is in a good mood, he takes Leslie out for ice cream. While finishing her homework today, Leslie hears her father's car pull into the driveway. It is 5:30 p.m. So Leslie reasoned, "Tonight I get ice cream!" Leslie was using ________ reasoning.

• A) convergent
• B) divergent
• C) inductive
• D) deductive

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Definitions:

Monetary Policy

The process by which the monetary authority of a country, like the central bank, controls the supply of money, often targeting an inflation rate or interest rate to ensure stability and economic growth.

Fiscal Policy

Government policy regarding taxation and spending that is used to influence the economy, including actions to manage the budget deficit or surplus to achieve economic objectives.

Real Output

The measure of goods and services produced in an economy, adjusted for inflation, reflecting the actual value of goods and services.

Money Supply

The total amount of monetary assets available in an economy at a given time.