Most Economists Believe That

question 119

Multiple Choice

Most economists believe that

• A) a monetary policy that achieves price stability will reduce uncertainty and provide the framework for strong economic growth.
• B) demand stimulus policies will reduce the long-term average rate of unemployment.
• C) expansionary monetary policy, if persistently followed, will reduce nominal interest rates.
• D) inflation is primarily the result of large budget deficits and other elements of expansionary fiscal policy.

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Definitions:

Effector

An organ, gland, or muscle capable of responding to a stimulus, especially a nerve impulse.

Mixed Nerve

A nerve containing both afferent (sensory) and efferent (motor) nerve fibers, allowing it to transmit signals in both directions between the brain and various parts of the body.

Facial

Pertaining to the face, involving structures, muscles, or expressions associated with the facial region.

Cervical Plexus

A network of nerves in the neck that supplies motor and sensory nerves to the neck, shoulder, and upper chest area.