By 2016 (And in the Aftermath of the Financial Crisis)

question 11

Multiple Choice

By 2016 (and in the aftermath of the financial crisis) , the output gap is:

• A) still negative.
• B) equal to zero.
• C) positive, but small.
• D) equal to about 5 percent.
• E) Not enough information is given.

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Definitions:

Authority Figure

An individual who holds power or influence over others, often in a specific context like a workplace, educational setting, or family.

Door-In-The-Face Technique

A persuasive strategy that involves making a large request that is expected to be refused in order to increase the likelihood of compliance with a smaller request.

Late Shift

In work contexts, a shift that starts late in the day or evening and can extend into the night; in cognitive terms, a late change or shift in opinion or strategy.

Foot-In-The-Door Technique

The foot-in-the-door technique is a persuasion strategy where agreeing to a small request increases the likelihood of agreeing to a larger request later.