The Permanent Income Hypothesis Implies That the Effect of a Temporary

question 88

Multiple Choice

The permanent income hypothesis implies that the effect of a temporary tax cut on economic activity

• A) is greater than the effect of a permanent tax cut.
• B) is the same as the effect of a permanent tax cut.
• C) can be greater than or smaller than the effect of a permanent tax cut, depending on how the tax cut affects the government.
• D) is smaller than the effect of a permanent tax cut.

---

Definitions:

CLIA '88

See Clinical Laboratory Improvement Amendments of 1988.

Certified Medical Assistant

A medical assistant who has achieved certification through passing a standardized test, indicating proficiency in the field.

Contact Hours

A measure of the amount of time an individual spends in direct, instructional interaction, often used in educational settings.

Recertify

The process of renewing a certification or qualification to verify that an individual or organization continues to meet the standards required by a regulatory body or professional association.