Economists Refer to a Budget Deficit Which Exists When the Economy

question 100

Multiple Choice

Economists refer to a budget deficit which exists when the economy is achieving full employment as a:

• A)cyclical deficit.
• B)surplus in the full-employment budget.
• C)natural deficit.
• D)cyclically adjusted deficit.

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Definitions:

Selective Looking

Focusing visual attention on selective aspects of the environment while ignoring others, a form of selective attention.

Attention

The concentration of awareness on some phenomenon to the exclusion of other stimuli.

Memory Process

The series of processes involved in the encoding, storing, and retrieving of memories.

Retrieval

Retrieval is the process of accessing and bringing into consciousness information stored in memory. It is a critical aspect of the memory process.