Of the Following Fiscal Programs,which Has the Smallest Effect,per Dollar,on

question 12

Multiple Choice

Of the following fiscal programs,which has the smallest effect,per dollar,on aggregate demand?

• A)defense spending
• B)road construction
• C)grants for scientific research and development
• D)Social Security
• E)government purchases of labor

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Definitions:

Self-Serving Bias

The common tendency to attribute one's successes to personal factors and one's failures to external factors.

Collectivist Societies

Societies or cultures that prioritize the group over the individual, focusing on communal goals and shared responsibilities.

Cultural Variations

The differences in beliefs, behaviors, and social norms among various cultures, influenced by geographical, historical, and sociopolitical factors.

Implicit Attitude

Unconscious associations and feelings towards people, objects, or concepts that influence one’s thoughts and actions.