The Government's Running of a Deficit or a Surplus with the Objective

question 9

Multiple Choice

The government's running of a deficit or a surplus with the objective of affecting the level of output in the economy is called:

• A)public finance.
• B)fiscal policy.
• C)the Ricardian equivalence.
• D)sound finance.

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Definitions:

Interval Level

A measurement scale that allows for the comparison of differences in quantities, where equal differences between values represent equal differences in what is being measured, but does not have a true zero point.

Frequency (f)

The number of times a particular value or class of values occurs in a data set.

Ordinal Level

A level of measurement where values can be ordered or ranked, but the intervals between values are not necessarily consistent or known.

Cyber-Phishing

A fraudulent practice of sending emails purporting to be from reputable companies to induce individuals to reveal personal information.