If the Economy Were Encountering a Severe Recession, Proper Monetary

question 345

Multiple Choice

If the economy were encountering a severe recession, proper monetary and fiscal policies would call for

• A) selling government securities, raising the reserve ratio, lowering the discount rate, increasing interest paid on reserves held at Fed banks, and a budgetary surplus.
• B) buying government securities, reducing the reserve ratio, reducing the discount rate, reducing interest paid on reserves held at Fed banks, and a budgetary deficit.
• C) buying government securities, raising the reserve ratio, raising the discount rate, reducing interest paid on reserves held at Fed banks, and a budgetary surplus.
• D) buying government securities, reducing the reserve ratio, raising the discount rate, reducing interest paid on reserves held at Fed banks, and a budgetary deficit.

Understand the significance of abstract art and its pioneers.

Recognize the role of art in political and social commentary.

Understand the emergence of Dada and Surrealism in response to societal changes.

Understand the concept of cause and effect in economic contexts.

---

Definitions:

Jacques Derrida

A French philosopher best known for developing deconstruction, a critical approach that explores the complexities and instabilities in texts, language, and meaning.

Underlying Laws

Fundamental principles or theories that serve as the foundation for a wider set of observations or phenomena within a field of study.

Frederic Jameson

An American literary critic and theorist known for his analysis of contemporary cultural trends, particularly his work on the complexities of postmodernity.

Postmodern Society

A society characterized by a diverse, media-saturated, and technologically advanced state, questioning the narratives and structures of modernism.