One Central Idea in Supply-Side Economics Concerning Budget Deficits Is

question 140

Multiple Choice

One central idea in supply-side economics concerning budget deficits is illustrated by the

• A)production possibilities curve.
• B)aggregate supply curve.
• C)Laffer Curve.
• D)Phillips Curve.

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Definitions:

Social Class

A system of dividing society into different levels based on economic, professional, or educational status.

Communication

The act or process of using words, sounds, signs, or behaviors to express or exchange information or to express ideas, thoughts, feelings, etc., to someone else.

Contact Hypothesis

A theory suggesting that under appropriate conditions interpersonal contact is one of the most effective ways to reduce prejudice between majority and minority group members.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice against other groups.