Research by Reinhart and Rogoff Indicate That Most of the Increase

question 65

Multiple Choice

Research by Reinhart and Rogoff indicate that most of the increase in national debt as a result of a financial crisis is due to

• A) government bailouts of financial institutions.
• B) increased spending on social welfare programs.
• C) government stimulus programs.
• D) sharp declines in tax revenues.

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Definitions:

Indeterminists

Those who believe that not all events, including moral choices, are determined by previously existing causes.

Subatomic Particle

A particle smaller than an atom, including protons, neutrons, and electrons, which are the building blocks of atoms.

Yoruba Philosophy

A system of thought native to the Yoruba people of West Africa, characterized by its rich oral tradition, emphasis on community, and concepts of destiny, the spiritual world, and ethical living.

Metaphysical Libertarianism

A philosophical position in the debate on free will which suggests that free will is compatible with metaphysics and that individuals have the power to choose between different possible courses of action unimpeded.