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

question 91

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 weakened.

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

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Definitions:

Maternal Leave

A period of absence from work granted to a mother before and after the birth of her child, also known as maternity leave.

Microsystem

The immediate environment in which an individual operates, such as family and school, which directly influences their development.

Ethological Approach

A perspective in psychology that studies human behavior by comparing it to animal behavior and considering its adaptiveness and evolutionary origins.

Evolutionary Psychology

Application of Darwinian principles of natural selection and survival of the fittest to individual behavior.