All of the Following Are Trends Occurring in Many Parts

question 39

Multiple Choice

All of the following are trends occurring in many parts of the world EXCEPT

• A) people spending fewer years of their lives being married.
• B) women waiting longer to marry.
• C) open-mate selection shrinking.
• D) families becoming smaller.

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Definitions:

Classical Macroeconomic Model

An economic model that emphasizes the role of market forces and flexible price adjustments in achieving full employment and equilibrium in the economy.

Flexible Wages and Prices

An economic condition where salaries and costs can easily adjust in response to supply and demand.

Unemployment

The situation when individuals who are able and willing to work are unable to find employment.

Aggregate Demand Curve

A graphical representation of the total demand for goods and services in an economy at different price levels.