An Economy May Not Quickly and Automatically Eliminate a Recessionary

question 5

Multiple Choice

An economy may not quickly and automatically eliminate a recessionary output gap because wages

• A)have a tendency to rise too quickly.
• B)have a tendency to be sticky downward.
• C)never change in response to changes in the demand for labour.
• D)are flexible but prices have a tendency to be sticky downward.
• E)have a tendency to fall too quickly.

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Definitions:

Gender

The socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender diverse people.

First-Wave Feminism

The earliest phase of feminism, focusing primarily on legal issues, particularly women's suffrage (the right to vote) during the late 19th and early 20th centuries.

Women's Suffrage

The right of women to vote in elections, a pivotal aspect of gender equality, historically achieved through extensive activism and reform.

Second-Wave Feminist Movement

A period of feminist activity during the 1960s-1980s that focused on issues of equality and discrimination, including workplace, family, sexuality, and reproductive rights.