Arguments for Affirmative Action Based on Reasons of Compensatory Justice

question 8

True/False

Arguments for affirmative action based on reasons of compensatory justice must show that compensation to members of certain groups is justified.

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Definitions:

Inflation

A sustained increase in the general price level of goods and services in an economy over time, leading to a decrease in the currency's purchasing power.

Nominal Interest Rate

The stated interest rate without adjustment for inflation, representing the actual percentage paid or earned.

Open Market Sales

Operations by a central bank to sell securities in the open market to decrease the money supply in the economy.

Equilibrium Value

A state in which market supply and demand balance each other, and, as a result, prices become stable.