Closed Systems Are Those Social Systems Where People Are Ranked

question 50

Multiple Choice

Closed systems are those social systems where people are ranked according to _________ characteristics such as ______________.

• A)achieved,ethnicity and gender
• B)achieved,good work ethic
• C)ascribed,ethnicity and gender
• D)ascribed,good work ethic

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Definitions:

Money Market

A segment of the financial market where short-term financial instruments with high liquidity are traded.

Interest-Rate Effect

The interest-rate effect describes how changes in the price level lead to changes in interest rates and thus in the quantity of goods and services demanded.

Aggregate Demand Curve

Represents the total demand for all goods and services within a certain market at various price levels, holding all else equal.

Aggregate Demand

The total demand for all goods and services within a particular market or economy at current price levels.