Which of the Following Would Tend to Shorten Recessions Associated

question 39

Multiple Choice

Which of the following would tend to shorten recessions associated with anti-inflation policies by central banks?

• A)People adjust their expectations of inflation rapidly.
• B)People believe policy announcements made by central bank officials.
• C)The short-run Phillips shifts rapidly.
• D)All of the above are correct.

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Definitions:

Mechanical Solidarity

A form of social cohesion in traditional societies where unity comes from shared values and common activities.

Diversity

The inclusion of different types of people (such as different races or cultures) in a group or organization, valuing heterogeneity in various dimensions.

Repressive Law

A form of legal and social control characterized by the restriction of freedoms and the use of punishment to maintain order and enforce compliance.

Mechanical Solidarity

Mechanical solidarity is a concept in sociology that describes the integration of members of a society who have common values and beliefs, which creates a sense of social cohesion.