The Process of Defining a More General Entity Type from a Set

question 61

Multiple Choice

The process of defining a more general entity type from a set of more specialized entity types is called:

• A) generalization
• B) specialization
• C) normalization
• D) none of the above

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Definitions:

Discretionary Fiscal Policies

Economic policies based on government spending and taxation that are undertaken intentionally by a government to influence its economy.

Aggregate Demand

The collective need for all products and services in an economy at a specific overall price level during a certain timeframe.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate depiction of an economy's size and how it's growing over time.

Aggregate Demand

The total demand for all goods and services in an economy at a given overall price level and in a given time period.