In the Long Run, Most Economists Agree That a Permanent

question 151

Multiple Choice

In the long run, most economists agree that a permanent increase in government spending leads to

• A)no decrease in private spending.
• B)a decrease in private spending by less than the amount that government spending increased.
• C)a decrease in private spending by the same amount that government spending increased.
• D)a decrease in private spending by more than the amount that government spending increased.
• E)an increase in private spending by more than the amount that government spending increased.

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Definitions:

Social-Cognitive Perspective

A viewpoint in psychology that emphasizes the role of cognitive processes in understanding social behavior.

Academically Incompetent

Lacking the necessary skills, knowledge, or ability to achieve success in an educational setting.

Disorganized Speech

A symptom often observed in certain psychological disorders, characterized by incoherent or nonsensical talk, indicating disrupted thinking.

Delusions

False beliefs held strongly by an individual, despite clear evidence to the contrary, often observed in psychological conditions.