How Do Classic Conservatives Address the Issue of Change

question 34

Multiple Choice

How do classic conservatives address the issue of change?

• A)They believe that change should happen gradually rather than suddenly.
• B)They believe that change is only positive if it happens through government action.
• C)They argue that change should first occur at the elite level before spreading to the lower classes.
• D)They believe that change driven by technological advancement is almost always beneficial to society.

---

Definitions:

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, characterized by periods of boom and recession.

Marginal Propensity

Marginal propensity, in economics, refers to the fraction of an increase in income that is spent on consumption. It represents the change in consumption resulting from a change in income.

Government Spending

This refers to the total expenditure by government agencies on goods, services, and public works.

Demand for Goods

The desire, willingness, and ability of consumers to purchase goods at a given price over a specific time period.