Which of the Following Is Most Consistent with the Time-Inconsistency

question 12

Multiple Choice

Which of the following is most consistent with the time-inconsistency problem?

• A)while it is ten o'clock in the morning in Chicago,it will be eleven o'clock in New York City
• B)a monetary policy action that is implemented in January will not begin to influence economic variables for several months
• C)a parent who acquiesces to a child's demand just to keep them quiet in a public setting
• D)an economic model with adaptive expectations

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Definitions:

Institutionalized Multiculturalism

A policy or practice within institutions that promotes the recognition, appreciation, and support of cultural diversity.

Ethnic Identity

An individual's sense of belonging to a particular ethnic group, including aspects of culture, tradition, language, and religion.

Canadian

Pertaining to Canada or its people, culture, or characteristics.

American

A term relating to the United States, its people, culture, or characteristics, often used to denote something or someone from the country.