If Some Income Earned by Households Is Not Spent on Output

question 34

Multiple Choice

If some income earned by households is not spent on output, or if some income earned by firms is not spent on factor services, the circular flow of income will

• A)contract.
• B)expand.
• C)run over.
• D)stop.
• E)explode.

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Definitions:

Mainstream Society

The dominant or prevailing cultural norms, beliefs, values, and practices in a given society, often contrasted with those of subcultures or minority groups.

Griswold v. Connecticut

A landmark U.S. Supreme Court case in 1965 that established the right to privacy regarding marital contraception, paving the way for future rights to privacy.

Contraceptives

Contraceptives are methods or devices used to prevent pregnancy as part of family planning, including barriers, hormonal pills, implants, and IUDs.

Private Matter

An issue or subject that is intended to be kept confidential or only involves the personal interests or concerns of those directly involved.