At What Level of Analysis Is the Theory That World

question 34

Multiple Choice

At what level of analysis is the theory that World War One was a result of Slavic nationalism in Austria-Hungary?

• A) Individual.
• B) Unit.
• C) More than one level.
• D) Global system.

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Definitions:

Prices

The amount of money expected, required, or given in payment for something, reflecting the value of goods or services in monetary terms.

Rational Expectations

An economic theory that posits individuals make decisions based on their expectations for the future, which are in turn based on past trends and information considered to be most relevant.

Discretionary Fiscal Policies

Economic policies based on government spending and taxation that are undertaken intentionally by a government to influence its economy.

Aggregate Demand

The collective need for all products and services in an economy at a specific overall price level during a certain timeframe.