The Assertion That Increases in Government Spending and Decreases in Taxes

question 117

Multiple Choice

The assertion that increases in government spending and decreases in taxes are largely offset by increases in savings is called

• A) implementation lag.
• B) impact lag.
• C) savings lag.
• D) the new classical critique.
• E) crowding-out.

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Definitions:

Emotional Reasoning

A cognitive process where a person believes something to be true based solely on their feelings, rather than facts or evidence.

Examine The Evidence

The process of carefully reviewing and analyzing information or data to draw conclusions or make decisions.

Argument By Anecdote

A logical fallacy where a general conclusion is drawn from a few personal stories or isolated examples, rather than from systematic analysis.

Marriage

A legally and socially sanctioned union between individuals that establishes rights and obligations between them.