Prior to the 1970s, the Model of Choice Was the Aggregate

question 36

Multiple Choice

Prior to the 1970s, the model of choice was the aggregate expenditures model. According to
This model, if the economy was in equilibrium below full employment, then the primary economic problem would be

• A) unemployment.
• B) deflation.
• C) financing the government budget deficit.
• D) financing unemployment compensation.

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Definitions:

Somatic Nervous System

The subdivision of the peripheral nervous system that connects to sensory receptors and to skeletal muscles; sometimes called the skeletal nervous system.

Reticular Activating System

A network of neurons located in the brainstem that is responsible for regulating wakefulness and sleep-wake transitions.

Coding System

A method used to categorize, encode, and facilitate the analysis of data, often used in research and information technology.

Facial Muscles

A group of skeletal muscles under the facial skin that control facial expressions.