Which of the Following Statements Is False

question 1

Multiple Choice

Which of the following statements is false?

• A)expansionary fiscal or monetary policy can increase the nation's output temporarily above its natural level
• B)expansionary fiscal or monetary policy can used to correct a recession but only at the expense of higher prices in the nation
• C)a recession cannot be eliminated automatically even if domestic prices are flexible downward
• D)when prices are not flexible downward inflation may be less costly that recession

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Definitions:

Herbert Blumer

A sociologist known for his development of Symbolic Interactionism, which emphasizes the importance of language and symbols in social interactions and the creation of societal norms.

Global Inequality

The unequal distribution of resources, wealth, opportunities, and power across countries or global regions.

Developed Countries

Wealthy, industrialized countries.

Microtheorist

A scholar or theorist who focuses on the small-scale aspects of social life, examining the interactions and meanings that constitute the fabric of social relations.