Sean Was Stranded in the Desert After His Plane Crashed

question 102

Multiple Choice

Sean was stranded in the desert after his plane crashed. Which cognitive style would give him the best chance for survival under these circumstances?

• A)algorithmic
• B)risk aversion
• C)heuristic
• D)field independence

---

Definitions:

Monetary Policy

Actions by a central bank to influence the amount of money and credit in the economy to achieve macroeconomic objectives like controlling inflation.

Aggregate Demand

The total demand for all goods and services in an economy at a given overall price level and in a given time period.

Lag

A delay between an action and its effect or between two related events.

Federal Open Market Committee

The branch of the Federal Reserve Board that determines the direction of monetary policy in the United States.