In Macroeconomics, the Point at Which Planned Aggregate Expenditures Equals

question 14

Multiple Choice

In macroeconomics, the point at which planned aggregate expenditures equals aggregate output

• A) is the equilibrium point.
• B) is where saving is negative.
• C) is only achieved if net exports are zero.
• D) only occurs when the MPC is equal to the MPS.

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Definitions:

Conflict

A struggle or clash between opposing forces, interests, or ideas, which can occur at individual, group, or societal levels.

Differential Association

A theory in sociology suggesting that individuals learn criminal behavior from their environment and personal associations.

Edwin Sutherland

An American sociologist known for pioneering the theory of differential association, which suggests that criminal behavior is learned through social interactions.

Socialization

The process by which people learn their culture. They do so by entering and disengaging from a succession of roles and becoming aware of themselves as they interact with others.