Most Economists Believe That the Source of European High Unemployment

question 4

Multiple Choice

Most economists believe that the source of European high unemployment in the past two decades is

• A)labor market institutions.
• B)tight monetary policy.
• C)tight fiscal policy.
• D)financial crisis.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.