After a Substantial Tax Rebate Program in Early 2008, Surveys

question 183

Multiple Choice

After a substantial tax rebate program in early 2008, surveys showed that most households _____

• A) spent the tax rebate.
• B) saved the tax rebate or paid down debt.
• C) spent the tax rebate and took on more debt.
• D) looked on the tax rebate as permanent income.
• E) looked on the tax rebate as permanent income only if was large.

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Definitions:

Barry Goldwater

An American politician and a five-term Senator from Arizona, known for sparking the resurgence of the conservative movement in the 1960s.

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A social and political campaign in the United States during the 1950s and 1960s aimed at ending racial segregation and discrimination against African Americans.

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Franklin D. Roosevelt’s campaign promise, in his speech to the Democratic National Convention of 1932, to combat the Great Depression with a “new deal for the American people”; the phrase became a catchword for his ambitious plan of economic programs.

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A political philosophy that advocates for minimal government intervention in the personal and economic affairs of citizens, emphasizing individual liberty and free markets.