Advocates of Nondiscretionary Policy Emphasize the Importance of a Constant

question 59

Multiple Choice

Advocates of nondiscretionary policy emphasize the importance of a constant money growth rate rule more than the balanced-budget amendment or restrictions on union power because

• A)they regard excessive money growth as the cause of inflation.
• B)they believe that excessive government spending,not excessive monetary growth,is the cause of inflation.
• C)they believe that while unions cause inflation,they are too politically powerful to deal with.
• D)they regard high tax rates as the cause of inflation.

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Definitions:

Scholarly Activity

Work involving academic research, publication, and presentation, conducted to contribute to a particular field of study.

Role Playing

is the act of adopting roles and characters different from oneself, often used as a training tool or entertainment.

Attitude Change

The process by which an individual's feelings, beliefs, or behaviors towards an object, person, or idea are modified.

Cognitive Dissonance

Feelings of discomfort resulting from holding contradictory beliefs, ideas, or values at the same time in one's mind.