According to the Nonpartisan Congressional Budget Office, the Troubled Asset

question 27

Multiple Choice

According to the nonpartisan Congressional Budget Office, the Troubled Asset Relief Program (TARP) will ultimately cost taxpayers about

• A)$9 trillion more than initially expected.
• B)$665 billion more than initially expected.
• C)$9 trillion less than initially expected.
• D)$665 billion less than expected.

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Definitions:

Aggregate Demand

Whole demand for goods and services across an economic landscape, appraised at a given overall price point throughout a defined timeframe.

Household Saving

The portion of a household's disposable income that is not spent on current consumption but is set aside for future use.

Consumption

The use of goods and services by households, constituting one of the primary components of GDP and an important indicator of economic health.

Aggregate Demand

The overall need for goods and services within an economic system at multiple pricing levels, over a certain duration.