In the Long Run, Changes in the Share of Government

question 27

Multiple Choice

In the long run, changes in the share of government purchases

• A) lead to an equal and opposite change in the share of investment.
• B) change GDP by an equal amount.
• C) leave GDP unaffected.
• D) lead to an equal and opposite change in the share of other spending components.
• E) c and d.

---

Definitions:

Wealthy Society

A society characterized by the abundance of valuable resources, financial assets, and a high standard of living among its members.

Sympathetic Introspection

Cooley’s concept of the value of putting yourself into another person’s shoes and seeing the world as he or she does.

The Looking Glass Self

A concept in sociology that suggests an individual's self-concept is influenced by how they believe others perceive them.

The Me

A concept in sociology referring to the socialized aspect of an individual, influenced by interactions with others and society.