Economists Predict the Business Cycle Well Enough That Stabilization Policy

question 153

True/False

Economists predict the business cycle well enough that stabilization policy is likely to work despite lags in the effects of policy.

Comprehend the structure of expert systems and their functioning.

Understand the concept and importance of contrary recognition and noticing in the creative process.

Learn how the problem space theory explains problem-solving processes.

Understand the utility and limitations of algorithms and heuristics in problem-solving.

---

Definitions:

"Don't Ask, Don't Tell"

A former policy of the United States military that allowed gay, lesbian, and bisexual personnel to serve as long as they did not openly reveal their sexual orientation.

Watergate Break-in

The 1972 illegal entry into the Democratic National Committee headquarters at the Watergate office complex, leading to a political scandal and the eventual resignation of President Richard Nixon.

Richard Nixon

The 37th President of the United States, serving from 1969 until his resignation in 1974, known for his role in the Vietnam War and the Watergate scandal.

White House Tapes

Audio recordings of conversations and meetings in the White House, famously associated with President Nixon's administration and the Watergate scandal.