Wage and Price Controls and Incomes Policies Are

question 10

Multiple Choice

Wage and price controls and incomes policies are

• A) techniques used to increase aggregate demand without increasing aggregate supply.
• B) methods used by government to try to reduce inflation without increasing unemployment.
• C) examples of discretionary monetary policies.
• D) currently in effect in the U.S. economy.
• E) key elements of President Roosevelt's New Deal.

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Definitions:

Ingroup Bias

The tendency to favor and prioritize the interests of one's own group over those of others, often leading to prejudice and discrimination.

Warmth and Competence

A social psychology model evaluating how individuals perceive others based on their warmth (friendliness, trustworthiness) and competence (efficacy, skill).

Aversive Racism

A subtle form of racism that occurs in individuals who identify as egalitarian, characterized by avoiding racial minorities out of discomfort or anxiety.

Institutional Discrimination

Unfair and inequitable treatment of individuals or groups that is embedded within the policies, practices, or laws of organizations or social institutions.