1. Government Spending

question 228

Multiple Choice

1. Government Spending
2. Consumer Expectations
3. Degree of Excess Capacity
4. Personal Income Tax Rates
5. Productivity
6. National Income Abroad
7. Business Taxes
8. Domestic Resource Availability
9. Prices of Imported Products
10. Profit Expectations on Investments
Answer the question based on the accompanying list of items related to aggregate demand or
aggregate supply. Changes in which combination of factors best explain why the aggregate supply
curve would shift?

• A) 1 and 2
• B) 2 and 10
• C) 3 and 6
• D) 7 and 8

---

Definitions:

Functional Budget

A financial plan that allocates funds based on the specific functions or activities of an organization.

Program

A planned series of activities aimed at achieving specific goals or outcomes.

Social Indicators

Statistical data and metrics that are used to measure and evaluate the welfare and quality of life within a society, covering aspects such as health, education, employment, and the environment.

Needs Assessment

A systematic process for identifying and analyzing the needs of a population or organization to determine gaps between current conditions and desired states.