Juanita and Her Friends Have Set Some Rules for a Playground

question 135

Multiple Choice

Juanita and her friends have set some rules for a playground game. Juanita realizes that these rules will reduce arguments and can be changed if needed. Juanita is showing

• A) immanent justice.
• B) conventional reasoning.
• C) moral realism.
• D) moral relativism.

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Definitions:

Keynesian Economics

A theory that advocates for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.

Downward Rigidity

A situation in economics where wages or prices are resistant to decrease even in conditions where they logically should, such as during a recession.

Classical Model

An economic theory emphasizing that markets function best without government interference, focusing on long-term growth by ensuring goods and labor markets are in equilibrium.

Aggregate Supply

The sum of all products and services that enterprises in an economy expect to sell during a defined time span.