In the History of Monetary Policy,the Period of October 1979

question 127

Multiple Choice

In the history of monetary policy,the period of October 1979 to October 1982 was notable for

• A)being a period of steady prices and low unemployment
• B)the emphasis placed on controlling interest rates during that period
• C)the emphasis placed on controlling the money supply during that period
• D)the rapid increase in the growth of the money supply during that period
• E)the rapid rise in prices during that period

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, typically developed in early infancy.

Imprinting

A form of learning occurring at a particular life stage that is rapid and apparently independent of the consequences of behavior.

Symbolic Thinking

The ability to use symbols, language, or other objects to represent and understand abstract concepts.

Egocentrism

A cognitive trait that causes individuals to interpret the world solely from their own perspective, often neglecting others' viewpoints.