The Author Argues That If "Decision Making Is the Central

question 24

Multiple Choice

The author argues that if "decision making is the central administrative act" then "______ is the lifeblood of decision making."

• A) funding
• B) good people
• C) the right answer
• D) information

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Definitions:

Fiscal Drag

The negative effect on disposable income and aggregate demand when taxes do not fall in line with inflation, effectively increasing the tax burden.

Classical Economists

Economists who believe in self-regulating markets where competition leads to efficient outcomes without government intervention.

Investment

The act of allocating resources, often financial, into something expecting it to generate income or profit.

Saving

The portion of income not spent on current consumption but set aside for future use.