Peter,a Cashier at a Local Grocery Store,was Berated at Work

question 94

Multiple Choice

Peter,a cashier at a local grocery store,was berated at work by his manager.He comes home from work and promptly yells at his wife and kicks the cat.This is an example of

• A)displacement.
• B)the frustration-aggression theory.
• C)relative deprivation.
• D)social learning theory.

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Definitions:

Lender of Last Resort

A function usually performed by a central bank to provide funds to financial institutions facing liquidity problems to prevent their failure and systemic risks to the economy.

Excess Reserves

The amount of reserves held by banks over and above the legally mandated requirement.

Destroyed Money

Money that has been taken out of circulation, either physically by damage or dematerialization, or digitally by central authorities to control the money supply.

Liquidity Trap

A scenario where low interest rates and high savings rates make it difficult for monetary policy to boost economic growth.