If Aggregate Demand Shifts Right and the President and Congress

question 23

Multiple Choice

If aggregate demand shifts right and the President and Congress want to use fiscal policy to reverse the change in output,they could

• A)increase government expenditures.If by the time policy has been implemented the economy has moved back to long-run equilibrium,then this policy will raise output above its long-run level.
• B)increase government expenditures.If by the time policy has been implemented the economy has moved back to long-run equilibrium,then this policy will reduce output to below its long-run level.
• C)decrease government expenditures.If by the time policy has been implemented the economy has moved back to long-run equilibrium,then this policy will raise output above its long-run level.
• D)decrease government expenditures.If by the time policy has been implemented the economy has moved back to long-run equilibrium,then this policy will reduce output to below its long-run level.

Analyze the development of the self through social interactions as explained by George Herbert Mead and Charles Horton Cooley.

Discuss the role of social Darwinism and the sociological imagination in understanding social organizations.

Examine the impact of capitalist systems on social inequality and exploitation as described by Marx.

Explore the concept of social contract by Rousseau and its implications for the need for government.

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Definitions:

Control Group

in experiments, a group of subjects that does not receive the experimental treatment and is used as a baseline to compare the effects of that treatment.

Bimodal Distribution

A probability distribution with two different modes or peaks.

Distribution

In statistics, the way in which values of a variable are spread or dispersed across a range.

Height

A measurement of how tall a person or structure is, typically measured from the base to the top.