Which Term Is Used to Describe Where People Live and Their

question 46

Multiple Choice

Which term is used to describe where people live and their traits such as race, gender, age, income, and education?

• A) demography
• B) psychology
• C) sociology
• D) ethnography

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Definitions:

Classical Macroeconomic Theory

Classical macroeconomic theory is an economic framework that emphasizes the importance of free markets, suggesting economies are self-regulating systems that automatically adjust to achieve full employment.

Aggregate Supply

The total supply of goods and services available to a particular market from producers at different price levels in a given period.

Aggregate Demand

The total requisition of goods and services in an economic setting, valued at a consistent price level and for a particular duration.

Full-Employment Equilibrium

A scenario where all accessible labor resources are utilized in the most economically effective manner.