If an Economy Is in a Recession, with Output Below

question 64

Multiple Choice

If an economy is in a recession, with output below its full-employment level, a(n) ______ to return the economy to its long-run equilibrium, which would cause the price level to_____

• A)expansionary; increase
• B)expansionary; decline
• C)contractionary; decline
• D)contractionary; increase

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Definitions:

Corporal Punishment

Corporal punishment involves the use of physical force with the intention of causing a child to experience pain, but not injury, for the purpose of correction or control of the child's behavior.

Society Expectations

The prescribed norms and standards set by a society that influence and guide behaviors, roles, and beliefs of its members.

Conduct Disorders

A range of antisocial types of behavior displayed in childhood or adolescence, which can include aggression to people or animals and destruction of property.

Cognitive-Behavioral

A therapeutic approach that addresses dysfunctional emotions, maladaptive behaviors, and cognitive processes through goal-oriented, explicit systemic procedures.