If the Economy Is in a Recession

question 151

Multiple Choice

If the economy is in a recession,

• A)It is operating inside the production possibilities curve,and the opportunity cost of deficit spending is zero.
• B)Deficit spending will not increase the size of the debt because interest rates will be falling.
• C)The economy suffers from structural unemployment,which can be alleviated by debt refinancing.
• D)Larger deficits will decrease the national debt.

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Definitions:

Racist Assumption

A prejudiced belief or idea based on the notion that racial differences produce an inherent superiority of a particular race.

Gang Membership

Affiliation or involvement with a gang, which is typically a group of individuals who form an alliance for social or criminal purposes.

Black Pain

The collective emotional and psychological trauma experienced by Black individuals and communities as a result of systemic racism and historical oppression.

Trauma Chaplains

Spiritual care providers trained to offer emotional and religious support to individuals experiencing crisis, trauma, or grief.