In the Aggregate Expenditures Model, If an Economy Operates Above

question 19

Multiple Choice

In the aggregate expenditures model, if an economy operates above equilibrium GDP, there will be:

• A)unplanned inventory depletion.
• B)an increase in GDP.
• C)an increase in employment.
• D)a decrease in GDP.

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Definitions:

Mid-1960s

Referring to the period approximately from 1964 to 1966, often associated with significant social, cultural, and political changes worldwide.

Feminist Theory

Claims that patriarchy is at least as important as class inequality in determining a person’s opportunities in life. It holds that male domination and female subordination are determined not by biological necessity but by structures of power and social convention. It examines the operation of patriarchy in both micro- and macro-level settings, and it contends that existing patterns of gender inequality can and should be changed for the benefit of all members of society.

Activist Component

The active part of a movement or organization dedicated to promoting change in society through various forms of advocacy and action.

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, resulting in disparities in opportunities, resources, and rights.