In the 1970s, in Response to Recessions Caused by an Increase

question 192

Multiple Choice

In the 1970s, in response to recessions caused by an increase in the price of oil, the central banks in many countries increased their money supplies. The central banks might have done this by

• A)selling bonds on the open market, which would have raised the value of money.
• B)purchasing bonds on the open market, which would have raised the value of money.
• C)Selling bonds on the open market, which would have raised the value of money.
• D)purchasing bonds on the open market, which would have lowered the value of money.

---

Definitions:

Mainstream Sociology

Refers to the conventional approaches and standard theories in sociology that are widely accepted and taught across academic institutions.

Ethnomethodologists

Social scientists focusing on the ways in which individuals' everyday practices and interactions create the perception of a coherent social world.

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

American Sociological Association

A non-profit organization dedicated to advancing the discipline and profession of sociology, providing a network for sociologists to communicate and publish their research.