An Autonomous Tightening of Monetary Policy

question 18

Multiple Choice

An autonomous tightening of monetary policy

• A)causes an upward movement along the monetary policy curve.
• B)causes a downward movement along the monetary policy curve.
• C)shifts the monetary policy curve upward.
• D)shifts the monetary policy curve downward.

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Definitions:

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over those of other groups.

Ingroup Bias

The tendency for people to give preferential treatment to others they perceive to be members of their own groups.

Just-world Phenomenon

The cognitive bias to believe that the world is inherently fair and that all individuals get what they deserve, leading to rationalizations of injustice.

Outgroup Homogeneity

The tendency to view members of an outgroup as more similar to each other than members of one's in-group, often leading to stereotypical perceptions.