An Increase in Government Spending Raises Income

question 58

Multiple Choice

An increase in government spending raises income:

• A)and the interest rate in the short run but leaves both unchanged in the long run.
• B)in the short run but leaves it unchanged in the long run, while lowering investment.
• C)in the short run but leaves it unchanged in the long run, while lowering consumption.
• D)and the interest rate in both the short run and in the long run.

Understanding the role of emotion and motivation in whistleblowing and protest of decision errors.

Understand the concept of meta-analysis and its role in summarizing multiple independent research studies.

Recognize the importance of scientifically conducted, peer-reviewed research as good evidence in decision-making.

Grasp the concept and applications of crowdsourcing in decision processes.

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Definitions:

Service of Process

The procedure by which a party to a lawsuit gives an appropriate notice of initial legal action to another party, court, or administrative body in an effort to exercise jurisdiction over that person so as to enable that person to respond to the proceeding before the court, body, or other tribunal.

In Rem Jurisdiction

A legal principle that allows a court to exercise jurisdiction over a particular piece of property, regardless of who owns the property or where the owner is located.

Counterclaim

A legal claim made in response to the plaintiff’s initial claim in a civil suit. Unlike a defense, the counterclaim is the defendant’s affirmative attempt to obtain legal relief; in effect, it states a cause of action entitling the defendant to such relief. Often, the counterclaim must arise out of the occurrence that forms the basis for the plaintiff’s claim.

Compelled to Testify

The legal obligation of a witness to give testimony in a legal proceeding, even against their own interest, under penalty of law.