If Macroeconomic Policy Has Been Successful Over Time, It Is

question 102

Multiple Choice

If macroeconomic policy has been successful over time, it is likely that the economy has not seen:

• A)any inflation.
• B)any severe recessions.
• C)any unemployment.
• D)a business cycle.

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Definitions:

Group Pressure

The influence exerted by a group on individual members to align their thoughts, feelings, or behaviors with group norms or expectations.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics or being influenced by peer pressure.

Milgram's Studies

A series of social psychology experiments conducted by Stanley Milgram, which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Obedience

The act of following orders or instructions, often from an authority figure, without questioning.