The ____ View Change as a Cyclical, Processional, Journey Oriented

question 28

Multiple Choice

The ____ view change as a cyclical, processional, journey oriented process based on maintaining equilibrium, observed and followed by involved people and normal rather than the exception.

• A) Confucian/Taoist approach
• B) Chaos theory
• C) Self-organization
• D) Semco framework

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Definitions:

Automatic Stabilizers

Economic policies and programs, like unemployment benefits and progressive taxation, that automatically help stabilize an economy by decreasing the effects of economic fluctuations.

Aggregate Demand

Aggregate requirement for goods and services within an economic system, evaluated at a fixed comprehensive price level over a defined period.

National Debt

The total amount of money that a country's government has borrowed, by various means, to cover its spending in excess of tax revenues.

Federal Budget Deficit

The shortfall when the federal government's expenditures exceed its revenues within a fiscal year.