When a Recession Ends

question 238

Multiple Choice

When a recession ends

• A)interest rates decrease.
• B)households decrease spending on durable goods.
• C)the household sector decreases spending substantially.
• D)firms increase the amount of borrowing.

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Definitions:

Functionalist

In sociology, functionalism is a theoretical perspective that views society as a complex system whose parts work together to promote solidarity and stability, emphasizing the interdependence of various social institutions.

Inequality

The uneven allocation of resources, opportunities, and rights across different members of a society.

Equal Chance

Equal chance describes the principle of providing all individuals or groups with the same opportunity to achieve a certain outcome without bias or discrimination.

Conflict Theorist

A sociologist or scholar who views social life as a competition and focuses on the distribution of resources, power, and inequality.