Over the Past Two Decades,whenever Changes in Fed Policy Have

question 122

Multiple Choice

Over the past two decades,whenever changes in Fed policy have been announced,

• A) the changes have actually taken place.
• B) a majority of lawmakers did not believe the changes would actually take place.
• C) the changes have rarely taken place.
• D) Congress has taken steps to negate the changes more than 50 percent of the time.

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Definitions:

Bystander Effect

The phenomenon where individuals are less likely to offer help to a victim when other people are present, often due to a diffusion of responsibility.

Mere Exposure Effect

A mental effect where individuals grow fond of something simply due to their familiarity with it.

Social Traps

Situations where a group or individual acts in a way that seems beneficial in the short term but leads to negative outcomes in the long term for everyone involved.

Just-world Phenomenon

The cognitive bias that a person's actions are inherently inclined to bring morally fair and fitting consequences to that person, to the end of all noble actions being rewarded and all evil actions punished.