"Future shock"is____________?
Correct answer: C. a phrase used by Alvin Toffler to describe the rapidity of change
- A. a phrase used to describe an alien culture
- B. the name of a famous movie dealing with a society of the future
- C. a phrase used by Alvin Toffler to describe the rapidity of change
- D. what the elderly experience in every society when a new generation comes into power
Explanation
Alvin Toffler used “future shock” for the psychological and social strain caused by extremely rapid change. It refers to the speed of change, not simply to old age or alien cultures.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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