The Cyclical Deficit

question 68

Multiple Choice

The cyclical deficit

• A)is a persistent economic phenomenon.
• B)occurs when the economy is at full employment.
• C)arises purely because real GDP does not equal potential GDP.
• D)is an accumulation of the government debt.
• E)exceeds the structural surplus.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.