Economic Growth Is Represented by A

question 59

Multiple Choice

Economic growth is represented by a:

• A) rightward shift of the rule of 72 curve.
• B) movement along a production possibilities curve.
• C) rightward shift in potential real GDP (LRAS).
• D) leftward shift of the long-run aggregate supply curve (LRAS).

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Definitions:

Functionalist Theorists

Focus on how society maintains stability and order, viewing each part of society as functioning to maintain the whole.

Latent Functions

The unintended consequences of an action or social pattern.

Dominant Ideology

The set of beliefs, values, and norms that reflect the interests of the ruling class or majority group in a society, often taken as natural or universally true.

Ruling Class

denotes the social class that holds primary power and authority in a society, often owning the means of production or governing.