The Aggregate Demand and Aggregate Supply Graph Has

question 38

Multiple Choice

The aggregate demand and aggregate supply graph has

• A)the price level on the horizontal axis.The price level can be measured by the GDP deflator.
• B)the price level on the horizontal axis.The price level can be measured by real GDP.
• C)the price level on the vertical axis.The price level can be measured by the GDP deflator.
• D)the price level on the vertical axis.The price level can be measured by GDP.

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Definitions:

Ethnomethodologists

Researchers who study the ways in which people create, maintain, and understand their social realities through everyday practices.

External Constraints

Factors outside an individual's immediate control that limit or influence their actions and decisions.

Social Structures

The complex pattern of relationships that shape any society. It determines how individuals and groups interact with each other, the roles they play in society, and how they are socially positioned.

Ethnomethodology

A sociological perspective that examines how individuals use social norms and assumptions to make sense of everyday situations.