Economists Who Argue in Favor of Rapid Deficit Reduction Claim

question 71

Multiple Choice

Economists who argue in favor of rapid deficit reduction claim that deficit reduction will

• A)reduce crowding in, reduce interest rates, and increase AS.
• B)stimulate AD and productivity.
• C)trigger crowding in, increase investment, and increase AS.
• D)reduce crowding out, increase investment, and increase AS.

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Definitions:

Rescind Agreement

To revoke, cancel, or annul an agreement, legally undoing its terms and obligations.

Remedies Available

Legal means for enforcing a right or redressing a wrong provided and sanctioned by law, including compensation, restitution, or injunctions.

Breach of Warranty

A legal term referring to the failure to fulfill the terms of a promise or guarantee made in a warranty.

Seller's Promise

A commitment by the seller to the buyer that certain conditions, such as the quality or delivery of a product, will be fulfilled.