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:

ADP

Adenosine Diphosphate, a compound involved in energy transfer within cells, produced through the breakdown of ATP (Adenosine Triphosphate).

Isotonic Solution

A solution that has the same osmotic pressure as the fluid in a cell, leading to no net movement of water into or out of the cell.

Red Blood Cells

The cells in the blood primarily responsible for carrying oxygen from the lungs to the rest of the body, using the protein hemoglobin.

Hypertonic

Describes a fluid that has a high overall solute concentration relative to another fluid.