Critical Thinking Questions Case 1-1

question 9

Multiple Choice

Critical Thinking Questions Case 1-1
Gennie has just gotten her first smartphone with a touch screen. Mia is giving her a lesson on how to use the touch screen.
Gennie wants to zoom in. Mia tells her she should ______.

• A) Press and hold
• B) Drag or slide
• C) Swipe
• D) Stretch

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Definitions:

Monetary Policy

The policy laid down by the central bank or monetary authority of a country, focusing on controlling the money supply and interest rates to achieve economic objectives.

Government Policy

Strategies and actions taken by a government to manage public resources and regulate national affairs.

Friedman And Phelps

Economists Milton Friedman and Edmund Phelps, known for their work on the natural rate of unemployment and the expectations-augmented Phillips curve.

Natural Rate

The long-term equilibrium rate of unemployment or economic output, unaffected by short-term fluctuations.