In the Short Run, Expansionary Monetary Policy ________ Real Gross

question 13

Multiple Choice

In the short run, expansionary monetary policy ________ real gross domestic product (GDP) ,
________ unemployment, and ________ the price level.

• A) raises; lowers; raises
• B) raises; raises; raises
• C) lowers; lowers; raises
• D) lowers; lowers; lowers
• E) raises; lowers; lowers

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Definitions:

Deviance

Behavior that violates the norms or cultural expectations of a society or community.

Peer Group Pressure

A phenomenon where individuals feel compelled to conform to the attitudes, behaviors, or values of their peers or social group.

Control Theories

In sociology and criminology, theories that explain social order as being maintained by social norms and institutions that encourage conformity and dissuade deviant behavior.

Social Controls

Mechanisms, both formal and informal, that regulate individual and group behavior, aiming to enforce conformity to societal norms.