A Government Program That Is Funded by the National Government

question 6

Multiple Choice

A government program that is funded by the national government but run and managed by state governments is emblematic of

• A) dual federalism.
• B) cooperative federalism.
• C) enumerated powers.
• D) reserved powers.
• E) the supremacy clause.

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Definitions:

Laffer Curve

Shows that at very high tax rates, very few people will work and pay taxes; therefore government revenue will rise as tax rates are lowered.

General Price Level

indicates the average of the current prices of all goods and services in the economy at a specific time.

Money Supply

The aggregate of all funds accessible in an economy, counting cash, coins, and checking and savings account balances, at a certain time.

Middle Adulthood

The period in adult life that typically spans from ages 40 to 65, characterized by stability, maturity, and an increased focus on personal and professional achievements.