The Severity of the 1982 Recession Has Been Attributed to

question 41

Multiple Choice

The severity of the 1982 recession has been attributed to

• A) the Reagan administration's tax cut.
• B) the Federal Reserve System's tight monetary policies undertaken by Chair Paul Volker.
• C) the large deficits in our balance-of-payments accounts.
• D) the OPEC-sponsored oil embargo.
• E) a rapidly falling price level caused by large federal budget deficits.

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Definitions:

Mentoring

A personal development relationship in which a more experienced or knowledgeable person helps to guide a less experienced or knowledgeable person.

Tokenism

A condition in which a person is visibly identified as a minority in a dominant culture. These people are identified as representative of their minority groups, and any failure is viewed as a failing of the minority group to which they belong. Tokenism is a creation of the perceptual and communication practices of those who shape the dominant culture of the organization.

Corporate Setting

An environment related to, or characteristic of, a corporation, often involving business operations and professional interactions.

Dominant Culture

The established beliefs, values, and practices that significantly influence society, often set by the majority or ruling group.