Stopping Inflation by Inducing a Recession

question 102

Multiple Choice

Stopping inflation by inducing a recession

• A) can only benefit the economy, because the price level will be reduced.
• B) generates costs to society due to the recession.
• C) will always outweigh the costs of the recession.
• D) both A and C

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Definitions:

Zygmunt Bauman

A Polish sociologist known for his analyses of modernity, consumerism, and globalization, and his concept of "liquid modernity."

Modernization

The transition from traditional, rural, and agrarian societies to a secular, urban, industrial, and technological society.

Unfinished Modernity

A concept referring to the ongoing and incomplete process of societal transformation and adaptation inherent to modernization.

Jurgen Habermas

A German sociologist and philosopher known for his work on the theory of communicative action and the concept of the public sphere.