Robert Really Enjoys a Good Meal

question 333

Multiple Choice

Robert really enjoys a good meal. Unfortunately, through the years, Robert has also enjoyed chewing tobacco and now has cancer of the tongue. After surgery in which most of his tongue is removed, Robert worries that he has lost all ability to taste food. This is an unfounded worry on Robert's part as __________.

• A)his olfactory sense will compensate
• B)there are taste buds on the roof and back of the mouth
• C)he will still have the ability to taste sweetness
• D)his food will seem even more tasteful

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Definitions:

Reserve Ratio

The portion of depositors' balances that banks must have on hand as cash.

Outstanding Loans

The total amount of borrowed funds that are still owed by the borrower to the lender, including both principal and interest.

Fiscal Policy

Governmental adjustments to its spending levels and tax rates to monitor and influence a nation's economy.

Inflationary Gaps

A situation in macroeconomics where the demand for goods and services exceeds production due to excessive spending, leading to inflation.