In General,the Faster Inflationary Expectations Adjust,the

question 1

Multiple Choice

In general,the faster inflationary expectations adjust,the:

• A)less macro policy can influence unemployment.
• B)better discretionary policy can be expected to work.
• C)slower the adjustment of the short-run Phillips curve.
• D)stronger the case for active policy.
• E)more effectively a policy can influence unemployment.

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Definitions:

Culture Shock

The feeling of disorientation that can come when one encounters a new or rapidly changed cultural situation.

Disorientation

A state of mental confusion or lack of direction.

Cultural Environment

The sum of social practices, beliefs, values, customs, and human activities that characterize the lifestyle of a society or a group.

Values

Fundamental beliefs or ideals shared by the members of a culture about what is good or desirable and what is not. They exert a major influence on the behavior of an individual and serve as broad guidelines in all situations.