Consider a Closed-Economy AD/AS Model

question 87

Multiple Choice

Consider a closed-economy AD/AS model.If an increase in the government's budget deficit drives up market interest rates,

• A)credit will become less expensive.
• B)nothing - government borrowing cannot push up interest rates.
• C)private expenditure will likely increase.
• D)some private investment expenditure will probably be crowded out.
• E)the money supply will increase.

Distinguish between the different types of speech protected under the First Amendment.

Analyze the constitutionality of state and federal laws affecting commercial operations and personal freedoms.

Understand the concept of due process and its application to state statutes.

Identify the constitutional clauses related to the establishment of religion and their implications for state laws.

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Definitions:

Hierarchy Of Needs

A psychological motivational theory that describes human needs as a five-level hierarchy represented in the shape of a pyramid.

Self-Determination Theory

Argues that three needs—autonomy, competence, and relatedness—can explain much of human behavior.

Power Motives

The underlying psychological desires that drive individuals to seek control, influence, or authority over others.

Henry Murray

An American psychologist and one of the pioneers of personality psychology known for developing need theory and the Thematic Apperception Test (TAT).