When Automatic Stabilizers Are the Cause of Higher Deficits,we Would

question 32

Multiple Choice

When automatic stabilizers are the cause of higher deficits,we would expect to observe that

• A)the economy has been contracting
• B)the economy has been growing
• C)interest rates must be rising
• D)interest rates must be falling
• E)net exports have been decreasing

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Definitions:

Heuristics

Mental shortcuts or rules of thumb that simplify decision making by facilitating quick, efficient judgments.

Nominal Group Techniques

A structured method for group brainstorming that encourages contributions from everyone.

Synergy

A positive force that occurs in groups when group members are stimulated to produce new solutions to problems through the process of mutual influence and encouragement within the group.

Cognitive Consonance

An error in key-term, possibly meant "Cognitive Dissonance." NO.