Which Economist Is Given Credit for Stating That "In the Long

question 55

Multiple Choice

Which economist is given credit for stating that "in the long run,we are all dead"?

• A)Adam Smith
• B)David Ricardo
• C)John Maynard Keynes
• D)Milton Friedman

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Definitions:

Conflict Perspective

A sociological approach that emphasizes the role of power and coercion in producing social order.

Social Exchange Perspective

A theoretical framework that explains how individuals evaluate the costs and benefits in their social relationships and interactions.

Structural-functionalism

is a sociological perspective that views society as a complex system whose parts work together to promote solidarity and stability.

Social Change

The transformation over time of cultural values, norms, institutions, structures, and social behaviors within a society.