Determine If the Given Value Is a Solution to the Equation

question 117

Multiple Choice

Determine if the given value is a solution to the equation.
- $$11 - \frac { 1 } { 3 } z = \frac { 1 } { 8 } z ; 24$$

• A) not a solution
• B) solution

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Definitions:

Crowding-Out Effect

A situation where increased government spending leads to reduced investment by the private sector due to higher interest rates or other mechanisms.

Multiplier

The multiplier, in macroeconomics, quantifies how initial changes in spending lead to larger changes in income and output through various rounds of spending.

Discretionary Fiscal Policy

Government policies involving changes in taxation and spending levels, aimed at influencing economic conditions, including managing inflation, unemployment, and fostering economic growth.

Balance Budget

A financial statement in which revenues and expenditures are equal, resulting in no deficit or surplus.