Governments Often Attempt to Fight a Recession by

question 188

Multiple Choice

Governments often attempt to fight a recession by

• A)increasing spending and cutting taxes which shifts the aggregate demand curve to the right.
• B)increasing spending and cutting taxes which shifts the aggregate demand curve to the left.
• C)increasing taxes to increase the supply of loanable funds.
• D)discouraging private investment.
• E)closing the economy to competition from foreign firms.

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Definitions:

Fromm's Needs

A concept developed by Erich Fromm, emphasizing societal and individual needs that drive personality development, such as relatedness, transcendence, rootedness, sense of identity, and frame of orientation.

Maslow's Needs

Refers to Maslow's hierarchy of needs, a motivational theory in psychology comprising a five-tier model of human needs, from basic (physiological) to advanced (self-actualization).

Holistic-Dynamic Theory

A theory suggesting individuals are unified beings who should be understood in terms of their dynamic relationships within a whole context, often emphasizing the importance of motivation and personal growth.

Maslow's Needs

A hierarchy of human needs proposed by Abraham Maslow, progressing from basic physical needs to complex psychological growth demands.