Data on Annual Percentage Changes in Real GDP,consumption,and Investment in the United

question 35

Multiple Choice

Data on annual percentage changes in real GDP,consumption,and investment in the United States shows that fluctuations in investment _____.

• A)are noticeably smaller during expansions than during recessions
• B)are roughly similar to fluctuations in consumption
• C)are roughly similar to fluctuations in GDP
• D)are closely followed by economic forecasters because those fluctuations often signal that a recession will occur
• E)account for most of the variability in GDP

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Definitions:

Social Change

The transformation over time of cultural norms and social structures, which can result from internal processes or external pressures and significantly affects how societies function.

Functionalism

A theoretical perspective in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biopsychosocial needs of individuals in that society.

Conflict Theory

A theoretical framework in sociology that emphasizes the social, political, or material inequality of a social group, critiquing the broad socio-political system.

Symbolic Interactionism

A sociological perspective that focuses on the symbolic meanings people develop and rely upon in the process of social interaction.