Some Economists Contend That a Policy of Shifting the Aggregate

question 36

Multiple Choice

Some economists contend that a policy of shifting the aggregate demand curve will be costly because it produces more volatility in both the price level and output.These economists likely are advocates of ________ policy.

• A)supply-side
• B)discretionary
• C)demand-management
• D)nondiscretionary

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Definitions:

Zimbardo

Philip Zimbardo, an American psychologist known for his research on social psychology, most notably the Stanford prison experiment.

Community Psychology

A branch of psychology focused on understanding and enhancing the relationships between individuals and their communities to promote well-being.

Quality of Communities

The overall condition or well-being of a community based on factors like social cohesion, safety, services, and economic stability.

Ecological Perspective

An approach focusing on how human behavior and interactions are shaped by the broader ecosystem, including social and physical environments.