The Life-Cycle Hypothesis Predicts There to Be a Rather ________

question 5

Multiple Choice

The life-cycle hypothesis predicts there to be a rather ________ short-run multiplier and thus a rather ________ private economy.

• A)low,unstable
• B)low,stable
• C)high,unstable
• D)high,stable

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Definitions:

Accuracy and Reliability

Accuracy refers to the closeness of a measured or observed value to its true value, while reliability refers to the consistency of these measurements over time.

Immutable Characteristic

A trait or attribute of an individual that cannot be changed, such as race, biological sex, or genetic information.

Personal Identity

The concept of what makes an individual unique in terms of personality, values, and life experiences, contributing to how one perceives oneself.

Discriminate Hiring

The practice of unfairly favoring or rejecting job candidates based on non-job-related characteristics such as race, gender, or age.