Pessimism Suppose the Economy Is in Long-Run Equilibrium. Then Because of of Corporate

question 33

Multiple Choice

Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.


-Refer to Financial Crisis.If nominal wages are sticky,which of the following helps explains the change in output?

• A)real wages fall,so firms choose to produce less
• B)real wages fall,so firms choose to produce more
• C)real wages rise,so firms choose to produce less
• D)real wages rise,so firms choose to produce more

Analyze the historical evolution of social norms and behaviors through case studies.

Distinguish between personal troubles and public issues in the context of societal problems.

Evaluate the critiques against structuration theory and its implications for social theory.

Recognize the roles of agency and structure in social theory across different theoretical models.

---

Definitions:

Mutually Exclusive

Events that cannot occur at the same time; the occurrence of one event excludes the possibility of the other event(s).

Intersection

The set of elements common to two or more sets.

Conditional

Pertaining to expressions, statements, or functions that involve conditions where outcomes depend on fulfilling specified criteria.

Experimental Outcomes

Refers to the various results that could potentially occur as a result of a scientific experiment.