Explain the Difference Between Vertical Equity and Horizontal Equity

question 64

Essay

Explain the difference between vertical equity and horizontal equity.

Explain the logic of liquidity preference theory and its effect on aggregate demand.

Understand the reasons for the downward slope of the aggregate-demand curve and the significance of the wealth, interest-rate, and exchange-rate effects.

Understand the principles and evidence supporting the matching hypothesis in relationships.

Grasp evolutionary explanations of dating, mating habits, and mate selection preferences.

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Definitions:

Appetitive Behavior

A type of behavior initiated by an organism in pursuit of fulfilling a need or desire, often relating to food, drink, or other necessities or pleasures.

Learned Behavior

A changed behavior acquired through experience.

Ethological Displacement

A behavior that occurs when an animal or human engages in an unrelated activity to reduce stress or tension when the normal response is thwarted or impossible.

Redirected Behavior

Behavior redirected from its original target to another object or individual, often seen in animals when the primary target of an action is inaccessible.