The Hypothesis of Political Business Cycles Asserts That

question 43

Multiple Choice

The hypothesis of political business cycles asserts that

• A) politicians can produce a favorable short-run tradeoff between inflation and unemployment to improve their chances of reelection.
• B) political popularity is not a function of the business cycle.
• C) an economic recession takes place before every national election.
• D) political manipulation of the business cycle is an effective way to increase permanent economic growth.
• E) economic expansions or contractions are a function of congressional support for the president's economic policy.

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Definitions:

Behavior and Mental Processes

Aspects of psychology that pertain to observable actions (behavior) and internal experiences such as thoughts and emotions (mental processes).

Stability and Change

The concept of how certain aspects of physical, cognitive, social, and emotional development remain stable over time, whereas others change.

Developmental Psychologists

Professionals who study the psychological growth and development that occurs throughout a lifespan.

Nature And Nurture

The debate regarding the influence of genetic inheritance (nature) versus environmental factors (nurture) on human development.