Examlex
List the Fed's main policy tools and briefly explain each one.
Social Change
The transformation over time of cultural values, norms, institutions, and structures within a society, often driven by collective action, technological innovation, or social policies.
Modernization
The process of adopting the latest technology, organizational practices, or cultural norms, often associated with progress and improvement in society.
Modernization Theory
is a theoretical perspective that links societal development with the adoption of modern technological, political, and economic systems, traditionally viewing such modernization as a positive and linear progression.
Malthusian Theory
Proposes that population growth is potentially exponential while the growth of the food supply is linear, leading to overpopulation and societal issues.
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