In the Mainstream View, the Economic Instability Brought About by "Oil

question 190

Multiple Choice

In the mainstream view, the economic instability brought about by "oil shocks" works through changes in

• A) aggregate demand.
• B) wage and price inflexibility.
• C) money supply.
• D) aggregate supply.

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Definitions:

Experimenter Bias

A process where the scientists conducting an experiment influence the results, intentionally or unintentionally, in a direction consistent with their hypothesis.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Natural Experiments

Research designs that involve observing the effects of naturally occurring variables or events, as opposed to manipulations made by the researcher.

Quasi-experiments

Research designs that attempt to establish cause-and-effect relationships but lack the element of random assignment to treatment or control groups.