Research Generally Shows That American Attitudes on Most Major Social

question 19

Multiple Choice

Research generally shows that American attitudes on most major social issues have been __________ over the last 30 years.

• A)pretty stable
• B)changing dramatically
• C)based on stable values
• D)changing not at all

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Definitions:

Recessionary Gap

A situation where an economy's real GDP is lower than its potential GDP, leading to unemployment and underutilized resources.

Self-correcting Economy

An economy that possesses mechanisms to automatically adjust itself to balance out recessions or inflations without external intervention.

Recessionary Gap

The difference between the actual output of an economy and its potential output if all resources were fully employed, indicating underperformance.

Expansionary Gap

A situation in an economy where total spending exceeds the production capacity, leading to inflationary pressures and a rise in output.