Which of the Following Is True of the Viceroys of Spain

question 42

Multiple Choice

Which of the following is true of the viceroys of Spain and Peru?

• A)They were criollos who were capable administrators.
• B)The viceroys were always Iberian born.
• C)They could be mestizos or criollos.
• D)They ruled as autonomous governors.
• E)The viceroys could be Amerindian royalty.

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Definitions:

Full Employment GDP

The output level of goods and services in an economy when all available labor resources are being used in the most economically efficient way.

Equilibrium GDP

The gross domestic product level where aggregate supply equals aggregate demand, indicating a stable economy.

Inflationary Gap

A situation where aggregate demand in an economy exceeds aggregate supply, leading to inflation and a higher levels of spending than what is supported by production.

Federal Budget Deficit

The shortfall that occurs when the United States federal government's expenditures exceed its revenues within a fiscal year.