Which of the Following Is a Difference Between an Active

question 165

Multiple Choice

Which of the following is a difference between an active approach to close a recessionary gap and a passive approach to close a recessionary gap?

• A) The level of real GDP would be higher in the long run with the active approach, while it would be lower with the passive approach.
• B) The level of real GDP would be lower in the long run with the active approach, while it would be higher with the passive approach.
• C) The price level would be higher and the level of real GDP would be lower in the long run with the active approach, whereas the price level would be lower and real GDP level would be higher with the passive approach.
• D) Only the price level would be lower in the long run with the active approach, whereas it would be higher with the passive approach.
• E) Only the price level would be higher in the long run with the active approach, whereas it would be lower with the passive approach.

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Definitions:

Full Faith and Credit Clause

A clause in the United States Constitution requiring each state to recognize and respect the judicial decisions, public records, and legislative acts of every other state.

Defense of Marriage Act

A U.S. federal law enacted in 1996 that defined marriage for federal purposes as the union between one man and one woman, and allowed states to refuse to recognize same-sex marriages granted under the laws of other states.

Obergefell v. Hodges

A landmark Supreme Court case that ruled state-level bans on same-sex marriage unconstitutional, effectively legalizing same-sex marriage across the United States.

United States v. Windsor

A landmark 2013 Supreme Court case that struck down Section 3 of the Defense of Marriage Act (DOMA), granting same-sex marriages federal recognition.