Ceteris Paribus,if the AD Shortfall Equals $600 Billion,then the Federal

question 101

Multiple Choice

Ceteris paribus,if the AD shortfall equals $600 billion,then the federal government can close it by increasing

• A)Government spending by exactly $600 billion.
• B)Government spending by less than $600 billion.
• C)Taxes by more than $600 billion.
• D)Taxes by exactly $600 billion.

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Definitions:

Contribution Principle

The idea that individuals should contribute to society or a system in proportion to their abilities or benefits received.

Categorical Imperative

The categorical imperative is a central concept in the moral philosophy of Immanuel Kant, which posits that one should act only according to that maxim whereby you can at the same time will that it should become a universal law.

Supreme Principle

The foundational or highest-ranking rule that guides ethical, legal, or philosophical theories and practices.

Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy.