An Increase in the Government Budget Deficit Shifts the Demand

question 126

True/False

An increase in the government budget deficit shifts the demand for loanable funds to the right.

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Definitions:

Estopped

A legal principle that prevents someone from arguing something contrary to a claim previously made or accepted in court.

Commission of a Tort

The act of committing a wrongful act, excluding breach of contract, for which a civil action can be brought.

Respondeat Superior

A doctrine under which a principal-employer is liable for any harm caused to a third party by an agent-employee in the course or scope of employment.

Apparent Authority

Apparent authority refers to a situation in which a person appears to be given power to act on behalf of another, thereby binding the principal through the agent's actions, even if the actual authority has not been granted.