The Three Components of the ABC Model Are Affect, Behavior

question 64

True/False

The three components of the ABC model are affect, behavior, and cognition.

---

Definitions:

Budget Deficit

The financial situation in which expenditures exceed revenue over a specific period, leading to a shortfall that must be financed through borrowing.

Federal Outlays

Government expenditures, including spending on goods and services, transfer payments, and interest on debt.

Revenues

The total income generated by a business or government from its activities, before any expenses are subtracted.

Economic Report

A document or publication that provides information and analysis about the economic conditions or trends.