Evidence Points Out That Since the Mid-1950's Just About Every

question 13

Multiple Choice

Evidence points out that since the mid-1950's just about every recession was preceded by rising interest rates. This suggests that the recessions were:

• A) caused in part by the actions of the Federal Reserve.
• B) the result of changes in consumer confidence.
• C) due to increases in oil prices and other production costs.
• D) caused by simultaneous shifts in aggregate demand and aggregate supply.

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Definitions:

Socioeconomic Status

A valuation of one's economic and social rank within society, which considers variables such as income, academic background, and employment type.

Cohort

A group of subjects who share a defining characteristic, typically observed over a certain period of time to determine statistical trends.

Network

A group or system of interconnected people or things, often referring to computers, telecommunications, or social connections.

Difference-equals-deficit

This concept suggests that differences in certain contexts, particularly educational or psychological, are automatically viewed as deficits, implying a normative standard from which deviations are negatively judged.