The National Present-Value Budget Constraint States That

question 13

Multiple Choice

The national present-value budget constraint states that

• A) government spending equals taxes in present value terms.
• B) savings equals investment.
• C) the credit market clears.
• D) assets equal liabilities for the central bank.
• E) the present value of consumption plus the present value of government spending is equal to the present value of total income.

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Definitions:

Learning

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Reality Shock

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Information Overload

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refers to the process through which new employees learn the norms, values, behaviors, and social knowledge necessary to integrate into an organization and become productive members.