Budget Projections for 2014-2020 Indicate Both Higher Levels of Government

question 92

Multiple Choice

Budget projections for 2014-2020 indicate both higher levels of government spending and large budget deficits. According to the Keynesian view, this will lead to

• A)an increase in aggregate supply during that decade.
• B)weak aggregate demand and a continuation of recessionary conditions.
• C)an increase in aggregate demand and real output.
• D)higher interest rates and taxes that will retard future growth.

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Definitions:

Classical Conditioning

A learning process where a neutral stimulus becomes associated with a meaningful stimulus, eliciting a conditioned response.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, particularly experiments with dogs.

Salivated

The secretion of saliva from the salivary glands, usually in response to the presence or anticipation of food.

Polyandrous

A mating system where a female has multiple male partners.