Which of the Following Is Considered an Advantage of Monetary

question 251

Multiple Choice

Which of the following is considered an advantage of monetary policy compared to fiscal policy?

• A)It is blunter and more politically obvious than fiscal policy.
• B)It does not have any of the time lags of fiscal policy.
• C)It is relatively isolated from political pressure.
• D)It is cyclically asymmetrical.

Grasp the role of foreign aid and its relationship with debt in developing countries.

Understand theories explaining global inequality, including modernization and dependency theories.

Appreciate the complexity of causes behind globalization and the debate on its origins.

Recognize the significance of trading blocs in the global trade system and their impact on regional economies.

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Definitions:

Stratification Systems

Stratification systems are the hierarchical arrangements of people in a society based on their access to resources, power, and prestige.

Social Change

The transformation over time of cultural values, norms, institutions, structures, and social practices.

Age-Sex Population Pyramid

A graphical illustration that shows the distribution of various age groups in a population, which forms the shape of a pyramid when the population is growing.

Postindustrial Nation

Refers to a country that has moved from industrial production to service and information management predominance.