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________ Refers to State Constitutional Authorization for Local Governments to Conduct

question 59

Multiple Choice

________ refers to state constitutional authorization for local governments to conduct their own affairs.

Identify the effects of fiscal policy on aggregate demand and supply.
Distinguish between discretionary fiscal policy and automatic stabilizers.
Recognize the impact of fiscal policy on employment, the price level, and GDP.
Analyze the effects of taxes and government purchases on the economy.

Definitions:

Virtually Identical

Being nearly the same in every way, especially in appearance or quality.

Synapse

A junction between two nerve cells, where impulses pass by diffusion of a neurotransmitter.

Thyroid Gland

An endocrine gland located in the neck that produces hormones regulating metabolism, energy generation, and growth.

Thyroxin

A hormone produced by the thyroid gland that regulates metabolism, energy generation, and growth and development; also known as thyroxine or T4.

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