The Private Sector Will Have to Borrow at the Same

question 68

Multiple Choice

The private sector will have to borrow at the same interest rates that the government borrows at. As the government increases its borrowing, this leads to _____.

• A) offsetting changes
• B) the multiplier effect
• C) financial crowding out
• D) a government surplus

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Definitions:

Moral Absolutism

The ethical belief that there are universal moral truths that apply to all people, regardless of context or circumstance.

Nietzsche

Friedrich Nietzsche, a German philosopher known for his critiques of traditional European morality and religion, as well as his concept of the Übermensch and the Will to Power.

God is Dead

A philosophical concept, notably proposed by Friedrich Nietzsche, suggesting the decline or absence of belief in the traditional Judeo-Christian God in contemporary society.

Aristotle's Virtues

A key aspect of Aristotle's philosophy, referring to the qualities of character such as courage, temperance, and justice that lead to a good and fulfilling life.