Refer to the Graph Above

question 120

Multiple Choice

Refer to the graph above. The ratchet effect would suggest that:

• A) If AD₁ shifts to AD₂, the economy would move to point b
• B) If AD₁ shifts to AD₂, the economy would move to point c
• C) If AD₂ shifts to AD₁, the economy would move to point c
• D) If AD₂ shifts to AD₁, the economy would move to point b

---

Definitions:

Elite Theorists

Scholars who focus on the role and influence of small, powerful groups or individuals in society and politics.

High Status Groups

Social groups regarded as having superior prestige, authority, or wealth in a given society.

Power Concentration

The scenario in which a disproportionate amount of power or authority is held by a small number of individuals or organizations.

Elite Theory

Holds that small groups occupying the command posts of America’s most influential institutions make the important decisions that profoundly affect all members of society. Moreover, they do so without much regard for elections or public opinion.