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

question 90

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 at an income greater than the full employment level, then the primary economic problem would be

• A) excessive bank lending.
• B) potential crises in financial markets.
• C) inflation.
• D) excess aggregate demand.

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Definitions:

Gendered Institution

An organization or system that has procedures, roles, and expectations that perpetuate gender distinctions and inequalities.

Stereotypical Role Expectations

Preset notions about how individuals should behave based on their social roles or group memberships.

Organizational Structure

Refers to the way in which a company or organization is arranged, including its hierarchies, communication systems, and distribution of responsibilities.

Conformity To Gender Roles

The extent to which individuals adhere to the culturally defined expectations and behaviors associated with their gender.