The Shift in Mentality in the Late Nineteenth Century May

question 13

Multiple Choice

The shift in mentality in the late nineteenth century may be described as a/an

• A) intensification of positivism that made even the subconscious subject to rational analysis.
• B) return to pragmatism: only those theories that show evident practicality were accepted.
• C) movement away from the Enlightenment and a discovery of non-romantic irrationalism.
• D) modern skepticism: knowledge is impossible, andtherefore, the search for knowledge should be abandoned.
• E) new attempt to synthesize reason and faith, which is science and religion.

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Definitions:

Theory of the Leisure Class

A socio-economic theory presented by Thorstein Veblen, which critiques consumerism and status-driven consumption, emphasizing the social uses of wealth and leisure to display status rather than for utility.

Theory of the Multiplier

An economic theory suggesting that an initial increase in spending leads to increased income and consumption, further magnifying economic activity.

Disposable Income

Disposable income for households to spend or save after accounting for income taxes.

Autonomous Consumption

The level of consumption spending that occurs when income is zero, representing the expenditures necessary for basic needs.