Which of the Following Groups of Economists Believe That Policy

question 32

Multiple Choice

Which of the following groups of economists believe that policy stimulus is likely to lead to an over- correction of the economy?

• A) Gradual monetarists.
• B) Mercantilists.
• C) Extreme Keynesian economists.
• D) Moderate Keynesian economists.

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Definitions:

Blaming the Victim

The unjust practice of holding the victim of a crime or misfortune responsible for their own hardship.

Just-World Phenomenon

The belief that people get what they deserve, leading to a sense that the world is fair and just.

Social Scripts

Culturally provided mental instructions for how to act in various social situations.

Frustration-Aggression Principle

A psychological theory suggesting that frustration often leads to aggressive behavior as the individual seeks to eliminate the source of their frustration.