A Problem with the Use of Aggregate Demand Management to Stabilize

question 53

Multiple Choice

A problem with the use of aggregate demand management to stabilize the business cycle is that

• A)monetary policy isn't available to use when interest rates are already rising because of higher inflation.
• B)fiscal policy takes a long time to have any impact on the economy.
• C)monetary policy is difficult to use, because the decision-making process is long and complicated.
• D)the precise amount that output will change in response to monetary or fiscal policy isn't known.

Understand the concept and theories related to deviance and social control.

Identify and critique the weaknesses inherent in various theories of deviance.

Explain the relationship between capitalism and deviance as posited by conflict theory.

Analyze the pros and cons of labeling theory in understanding deviance.

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Definitions:

Emergency Powers

Special powers granted to governments to act outside of their usual legal frameworks in response to an emergency or crisis.

Dwight Eisenhower

The 34th President of the United States, serving from 1953 to 1961, known for his leadership during World War II as a five-star general.

Domestic Disorder

A state of disturbance in the internal affairs of a country typically involving violence or public disorder.

Cabinet

A group of senior government officials, typically heads of departments or agencies, who advise the head of state or head of government.