According to the Traditional View, If Taxes Are Cut Without

question 24

Multiple Choice

According to the traditional view, if taxes are cut without cutting government spending, then the short-run effects are a(n) of the dollar and a(n) in net exports.

• A)appreciation; increase
• B)appreciation; decrease
• C)depreciation; increase
• D)depreciation; decrease

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Definitions:

Hierarchy Of Needs

A theory in psychology proposed by Abraham Maslow that prioritizes human needs from the most basic such as physiological needs, to higher levels of needs such as self-actualization.

Positive Psychology

A branch of psychology focused on the study of positive human functioning and flourishing on multiple levels that include the biological, personal, relational, institutional, cultural, and global dimensions of life.

Hierarchy Of Needs

A psychological motivational theory that describes human needs as a five-level hierarchy represented in the shape of a pyramid.

Self-Determination Theory

Argues that three needs—autonomy, competence, and relatedness—can explain much of human behavior.