When Spending by the Federal Government Exceeds Net Taxes,_____

question 144

Multiple Choice

When spending by the federal government exceeds net taxes,_____.

• A)the price level tends to fall
• B)the money supply must fall
• C)the aggregate demand curve shifts rightward
• D)aggregate supply moves rightward
• E)there is a federal budget surplus

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Definitions:

Organism

A living individual biological entity capable of growing, reproducing, reacting to external stimuli, and, in many cases, moving.

Oedipus Complex

A theory in psychoanalytic psychology that describes a child's feelings of desire for the opposite-sex parent and jealousy towards the same-sex parent.

Cardinal Trait

A personality attribute that dominates and shapes an individual's behavior in most situations.

Central

Principal or highly important; this term can relate to main functions, locations, or processes within various fields.