What Is the Effect of Counter-Cyclical Fiscal Policy on the Price

question 88

Multiple Choice

What is the effect of counter-cyclical fiscal policy on the price level?

• A)It will increase in the case of a recessionary gap.
• B)It will increase in the case of an inflationary gap.
• C)It will decrease in the case of a recessionary gap.
• D)It will have no effect in the case of a recessionary gap.
• E)It will have no effect in the case of an inflationary gap.

Identify the characteristics of formal operational thought according to Piaget.

Acknowledge the influence of culture and learning environment on cognitive development.

Understand different stages of moral reasoning as per Kohlberg's theory.

Understand the concept of theory of mind and its implications on cognitive development.

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Definitions:

Content Validity

The extent to which a test measures all aspects of the concept it intends to measure.

Predictive Validity

The extent to which a test or measure accurately predicts future performance or outcomes.

Test-retest Reliability

A measure of the consistency of a psychological test or assessment when administered at two different times.

Broad Tendencies

General patterns or widespread inclinations in behavior, thought, or attitude.