If Output Adjusts ________ to the Natural Rate Level,and If

question 92

Multiple Choice

If output adjusts ________ to the natural rate level,and if time lags between policy actions and changes in aggregate output are relatively ________,then the case for discretionary policy is strengthened.

• A)slowly; short
• B)slowly; long
• C)quickly; short
• D)quickly; long

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Definitions:

Insurance Company Agent

An individual authorized to sell and manage insurance policies on behalf of an insurance company.

Broker

An individual or firm that acts as an intermediary between buyers and sellers, typically in financial transactions, real estate, or insurance.

Assumes a Risk

A legal doctrine where an individual knowingly exposes themselves to a hazard or danger and is considered to have consented to the risk involved.

Insurer

A company or entity that provides insurance policies to protect individuals or organizations against financial loss or damage.