Difficulty: Medium Figure 13-4

question 207

Multiple Choice

Difficulty: Medium Figure 13-4
-Refer to Figure 13-4. Let Y = real GDP, AE = Aggregate Expenditures, C = Consumption,
I_P = Planned Investment. Suppose AE = C + I_P, and I_P is autonomous. What is the value of autonomous AE?

• A) $1,500 billion
• B) $3,000 billion
• C) $4,500 billion
• D) $6,000 billion

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Definitions:

Ideology

A collection of beliefs and values, particularly one that underpins theories and policies in the economic or political realm.

Systems Of Domination

the complex and interconnected societal structures and mechanisms that perpetuate inequality and maintain power dynamics favoring dominant groups over marginalized ones.

Inequality

Refers to the uneven distribution of resources, opportunities, and rights among different social groups, often resulting in social stratification and differing levels of access to wealth, power, and status.

Formal Sociology

Simmel’s theory that argues that different human interactions, once isolated from their content, can be similar in form.