An Economic Policy Has a Decent Chance of Working as Intended,if

question 58

Multiple Choice

An economic policy has a decent chance of working as intended,if ________.

• A)the policy causes no change in expectations
• B)if mistaken expectations are not very costly
• C)the rationale behind the policy is well-understood by the public
• D)expectations are formed in the same way by both the public and the policymakers

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Definitions:

Closed System

An entity that does not exchange energy with its surroundings. Compare with open system.

Noncompetitive Inhibition

The binding of a substance (the noncompetitive inhibitor) to a site other than the active site of an enzyme, thereby lowering the rate at which the enzyme catalyzes a reaction. Compare with competitive inhibition.

Catalysts

Compounds that accelerate the speed of chemical reactions without being used up during the reaction.

Enzyme-Catalyzed Reaction

A chemical reaction that is accelerated by an enzyme, significantly increasing the reaction rate without being consumed in the process.