Budget Projections for 2010-2019 Indicate Both Higher Levels of Government

question 170

Multiple Choice

Budget projections for 2010-2019 indicate both higher levels of government spending and large budget deficits.According to the Keynesian view,this will lead to

• A)an increase in aggregate supply during that decade.
• B)weak aggregate demand and a continuation of recessionary conditions.
• C)an increase in aggregate demand and real output.
• D)higher interest rates and taxes that will retard future growth.

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Definitions:

Cattell's Original Theory

A theory of personality that includes a trait model of personality, emphasizing fluid and crystallized intelligence as key components.

Gf

General fluid intelligence, the capacity to reason and solve novel problems, independent of any knowledge from the past.

Gc

General cognitive ability, a component of intelligence that includes knowledge acquired through experience and education.

Modifying Existing Schemas

The process of adjusting one's existing cognitive frameworks or understanding to incorporate new information.