All of the Following Were Significant Social Changes in the 18th

question 50

Multiple Choice

All of the following were significant social changes in the 18th century except the

• A)expansion of population.
• B)new wealth of the middle class.
• C)social privileges received after service in the army.
• D)conflicting political ambitions of the monarchs,nobility,and middle class.

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Definitions:

Favorable Supply Shock

An unexpected event that increases the supply of a good or service, leading to a lower equilibrium price.

Short-run Phillips Curve

A graphical representation showing an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.

Unemployment

The situation in which people who are willing and able to work are not able to find employment, often expressed as a percentage of the labor force.

Aggregate-supply Curve

A graph that shows the relationship between the overall price level and the total output produced by firms in an economy.