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A decline in autonomous consumer expenditure causes the aggregate demand function to shift ________, the equilibrium level of aggregate output to fall, and the IS curve to shift to the ________, everything else held constant.
Talcott Parsons
An American sociologist known for developing the theory of action and for his role in the development of modern sociology.
Deprivation Amplification
The process by which disadvantaged groups are more likely to experience compounding effects of deprivation, leading to greater inequality.
Social Factors
Elements that impact individuals and their behavior, including family, education, religion, and economic status.
Genetic
Pertaining to genes and heredity, focusing on how certain traits or conditions are passed from parents to offspring.
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