Consider the AD Curve in the Simple Macro Model

question 120

Multiple Choice

Consider the AD curve in the simple macro model.When there is a change in autonomous desired expenditure,the simple multiplier is equal to the

• A)product of the horizontal shift of the AD curve times the change in autonomous expenditure.
• B)product of the vertical movement along the AD curve times the change in autonomous expenditure.
• C)ratio of the horizontal shift of the AD curve to the change in autonomous expenditure.
• D)ratio of the vertical movement along the AD curve to the change in autonomous expenditure.
• E)ratio of the vertical shift of the AD curve to the change in autonomous expenditure.

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Definitions:

Cultural Capital

Refers to widely shared, high-status cultural signals (attitudes, preferences, formal knowledge, behaviors, goals, and credentials) used for social and cultural exclusion.

Subculture

A set of distinctive values, norms, and practices within a larger culture.

Class Adaptation

The ways in which different social classes respond to and cope with the structural and cultural conditions of their society.

Social Upheaval

Refers to a significant change or disturbance in society, often characterized by widespread social movements, protests, and changes in governmental or societal structure.