Thanks to Considerable Progress in the Recognition and Support of Diverse

question 53

Multiple Choice

Thanks to considerable progress in the recognition and support of diverse women in psychology, women now earn ________ of the PhDs awarded in psychology, and ethnic minorities earn ________ the PhDs.

• A) 67 percent; 19 percent
• B) 74 percent; 24 percent
• C) 43 percent; 32 percent
• D) 50 percent; 25 percent

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Definitions:

Loanable Funds Effect

A theory that describes the market interaction between the demand for and supply of loanable funds, influencing interest rates.

Real Balances Effect

The impact of price level changes on the purchasing power of consumers' money holdings, influencing their spending and saving behavior.

Jean Baptiste Say

A French economist known for Say's Law, which suggests that supply creates its own demand in the economy.

Supply

The total amount of a specific good or service that is available to consumers in the market at a given time and price.