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Cognitive Dissonance Theory

question 47

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Cognitive dissonance theory:


Definitions:

Spending Changes

Refers to fluctuations in the amount of money spent by consumers, businesses, or the government.

Social Security

A government program designed to provide financial assistance to elderly, disabled, and survivors through retirement benefits, disabilities, and other means.

Tax Revenue

The income collected by the government from taxes.

National Debt

The cumulative sum of funds borrowed by a nation's government, usually due to spending more than it earns.

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