____________________ Questions Go Beneath the Surface of a Response to Gather

question 27

Short Answer

____________________ questions go beneath the surface of a response to gather additional information and insight.

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Definitions:

Prolonged Inflation

An extended period of time during which prices in an economy consistently rise, diminishing purchasing power.

Monetarist

An economist who believes that variations in the money supply have major influences on national output in the short run and the price level over longer periods.

Keynesian

An economic theory suggesting that increased government expenditures and lower taxes can stimulate demand and pull the global economy out of a recession.

Rational Expectations

An economic theory that proposes people make choices based on rational judgements, accessible information, and previous experiences.