If an Economy Is Experiencing a Recession,the Classical Approach to Achieving

question 130

Multiple Choice

If an economy is experiencing a recession,the classical approach to achieving full employment is to:

• A) Do nothing and wait for natural market forces to improve the economy.
• B) Increase the growth of the money supply.
• C) Use all available supply-side options.
• D) Cut taxes and increase government spending.

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Definitions:

Fallacy of Relevance

The premise is logically irrelevant, or unrelated, to the conclusion.

Straw Man Fallacy

An opponent’s argument is distorted or misrepresented in order to make it easier to refute.

Equivocation

A key term in an argument changes meaning during the course of the argument.

Snob Appeal

An advertising strategy that attempts to make the audience feel that a product or service will elevate their status or prestige.