Under the Adaptive Expectations Theory, Expansionary Monetary and Fiscal Policies

question 152

Multiple Choice

Under the adaptive expectations theory, expansionary monetary and fiscal policies designed to reduce the unemployment rate will be

• A) ineffective in the long run.
• B) ineffective in the short run.
• C) noninflationary.
• D) all of the above.

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Definitions:

Discrimination

The unfair or prejudicial treatment of individuals based on characteristics such as race, gender, or age.

Petit Apartheid

Refers to the smaller, everyday forms of segregation and discrimination that were part of the larger system of apartheid in South Africa.

Informal Racism

Unofficial, subtle forms of racism that occur in everyday interactions, often casually or unconsciously.

Overt Racism

A form of racism that is explicit, openly displayed, and recognizable through actions or statements.