In the Keynesian Framework,as Long as Output Is Below the Equilibrium

question 8

Multiple Choice

In the Keynesian framework,as long as output is below the equilibrium level,unplanned inventory investment will remain ________ and firms will continue to ________ production.

• A)negative;lower
• B)negative;raise
• C)positive;lower
• D)positive;raise

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Definitions:

McDonaldized

Describes a society, organization, or system that adopts the characteristics of a fast-food restaurant, such as efficiency, predictability, calculability, and control.

Commercialized

The transformation of goods, services, or activities into commodities for the purpose of generating profit, often at the expense of cultural, ethical, or social values.

Culture of Whiteness

A set of social, cultural, and institutional practices and beliefs that reinforce and normalize the privileges and perspectives of white people.

Visible Minorities

Individuals or groups within a society who are distinguishable from the majority population based on physical or cultural characteristics, often leading to experiences of discrimination or marginalization.