The Determinants of Aggregate Demand

question 189

Multiple Choice

The determinants of aggregate demand

• A) explain why the aggregate demand curve is downsloping.
• B) explain shifts in the aggregate demand curve.
• C) demonstrate why real output and the price level are inversely related.
• D) include input prices and resource productivity.

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Definitions:

Class Consciousness

Awareness and understanding of one's place in a system of social classes, including the interests and struggles associated with it.

Hidden Curriculum

Refers to the unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school alongside the formal curriculum.

Self-Fulfilling Prophecy

A belief or expectation that influences actions in a way that causes the belief to come true.

Meritocracy

A system or society wherein progress, success, and positions are achieved based on abilities and talent rather than on class privilege or wealth.