In Order to Maintain a Balanced Budget Every Year,during a Recession

question 67

Multiple Choice

In order to maintain a balanced budget every year,during a recession the government would have to

• A)Decrease the money supply.
• B)Increase the money supply.
• C)Decrease spending or increase taxes or both.
• D)Increase spending or decrease taxes or both.

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Definitions:

Instrumental Values

Core beliefs that dictate how we ought to behave or the means to achieve desired ends.

Rokeach Value Survey

A psychological tool used to assess individual's value systems and the importance of specific terminal and instrumental values.

Self-interests

Personal gains or benefits that motivate individuals to act in particular ways.

Least Fortunate

Individuals or groups who are the most disadvantaged or in the poorest conditions within a society.