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

question 63

Multiple Choice

Budget projections for 2014-2020 indicate both higher levels of government spending and large budget deficits. Non-Keynesian economists argue that this will lead to

• A)lower taxes, which will reduce aggregate supply and retard long-term growth.
• B)growth rates above the historic average for the decade.
• C)an increase in aggregate demand and real output.
• D)higher interest rates, higher taxes, and sluggish future growth.

Identify different sources and types of power, including personal, informational, and organizational.

Comprehend how equal or matched power relations affect negotiation outcomes.

Recognize how resources can be utilized as power in negotiations.

Grasp the strategic use of power tactics to influence outcomes.

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Definitions:

Service Department Costs

Costs incurred by departments that do not directly generate revenue, but support those that do.

Operating Departments

Units within an organization directly involved in producing goods or providing services, as opposed to administrative divisions.

Personnel Costs

Expenses related to the compensation of employees, including salaries, benefits, and taxes.

Information Technology

The use of computers, networks, and other physical devices to create, process, store, secure, and exchange all forms of electronic data.