Which Statement Do Economists Broadly Consider to Be TRUE

question 29

Multiple Choice

Which statement do economists broadly consider to be TRUE?

• A) A monetary rule can increase real GDP.
• B) Discretionary fiscal policy is typically more effective than monetary policy in fighting recessions.
• C) A nation's central bank should be managed by elected officials.
• D) Discretionary monetary and fiscal policy cannot affect the long-run level of unemployment.

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Definitions:

Milgram's Obedience

A series of experiments conducted by Stanley Milgram, demonstrating individuals' willingness to obey authority figures, even to the extent of causing harm to others.

Burger's Replication

A study or experiment that attempts to replicate the findings of a previous study conducted by a researcher named Burger, often in the context of psychology.

Authority Figures

Individuals who hold power or influence over others, often in positions of leadership or governance, and are recognized for their skills, knowledge, or position.

Stanford Prison Study

A psychological experiment that investigated the effects of perceived power and authority on behavior, conducted by Philip Zimbardo.