The Argument That Budget Deficits Are Inflationary Is

question 147

Multiple Choice

The argument that budget deficits are inflationary is

• A)always correct.
• B)correct only when the deficit is monetized.
• C)correct only when the aggregate supply curve is horizontal.
• D)correct only when the aggregate supply curve is upward sloping.

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Definitions:

AC To DC

Refers to the conversion of alternating current (AC) electricity into direct current (DC) electricity, a common necessity for powering electronic devices.

Power Supply

A component that provides the necessary electrical power to operate a device, converting mains AC to low-voltage regulated DC power for the internal components of a computer.

Expansion Slots

Slots on a motherboard that allow for the addition of expansion cards to provide additional functionality, such as video processing or additional ports.

Memory

The part of a computer that temporarily stores applications, user documents, and system operating information.