Figure 3-3 in the Accompanying Figure, the Only Cells That

question 2

True/False

Figure 3-3 In the accompanying figure, the only cells that you should change when performing what-if analysis are those in the what-if portion of the worksheet.

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Definitions:

Nondiscretionary Fiscal Policy

involves government policies, like taxation and certain types of government spending, that are not easily altered and automatically adjust to economic conditions.

Aggregate Demand

The whole of economic demand for goods and services at a given price level, within a certain time range.

Federal Budget

A government's plan for revenue and spending over a specific period.

National Debt

The total amount of money that a country's government has borrowed by various means, including foreign governments and domestic lenders.