Imagine That You Are Waiting for Class to Start

question 58

Multiple Choice

Imagine that you are waiting for class to start.Another student sits down next to you and offers you one of his two Cokes.You like Coke, so you take it.A few days later, the same student sits next to you again.This time, you have a bag of potato chips, and you feel obligated to offer him some.This urge you have is a manifestation of

• A) the reciprocity norm.
• B) the foot-in-the-door technique.
• C) the door-in-the-face technique.
• D) public compliance.

Assess the impact of fiscal policy on equilibrium output, employment levels, and price levels.

Analyze the relationship between fiscal policy, aggregate demand, and aggregate supply curves.

Explain the significance of government budget deficits and surpluses on the national economy.

Examine the implications of changes in government spending and taxation on the economic equilibrium.

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