If the Federal Government Is Running a Budget Deficit

question 49

Multiple Choice

If the federal government is running a budget deficit,

• A) the national debt will decline.
• B) it will have to either raise taxes or reduce expenditures next year.
• C) the U.S. Treasury will finance the deficit by issuing additional bonds.
• D) the supply of money will increase and the general level of prices will rise.

Distinguish between different types of constraints (e.g., nutritional, capacity, budgetary) in linear programming models.

Apply graphical or corner-point methods to solve linear programming problems.

Evaluate the impact of changes in constraints on the solution of a linear programming problem.

Understand the significance of the feasible solution area in linear programming problems.

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Definitions:

Politician

An individual who is actively involved in politics, especially one holding or seeking an elected office.

Cognitive Dissonance Theory

A psychological theory suggesting that individuals experience discomfort when holding two or more conflicting beliefs, leading to an alteration in beliefs or behaviors to reduce discomfort.

Dissonance

A psychological conflict resulting from incongruent beliefs and attitudes held simultaneously, often leading to an alteration in one of the attitudes to reduce the conflict.

Align

To adjust or arrange something in a straight line, or to bring into cooperation or agreement with a particular group, standard, or belief.