J P Stevens Always Looks Perfect in His Business Suit

question 86

Multiple Choice

J. P. Stevens always looks perfect in his business suit. The colors are always right for the season and prevailing style. His tie has the proper knot, he does not wear a tie-tac, his handkerchief is the proper "two-fingers" above the pocket, and his socks and shoes do not distract from his overall look. Which of the following does J. P. seem to be adhering to with his "correctness"?

• A) enacted behaviors
• B) customs
• C) mores
• D) conventions

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Definitions:

Effectiveness Lag

The delay between the implementation of a policy and the time it takes for the policy's effects to manifest in the economy.

Monetary Policy

Economic strategy chosen by a government's central bank to control the money supply, aiming at achieving macroeconomic goals such as controlling inflation, consumption, growth, and liquidity.

Adaptive Expectations

An economic theory suggesting that people adjust their future expectations based on past experiences and trends.

Government Policy

The actions taken by a government to achieve its objectives in various sectors like economy, social welfare, and public services.