Why Are Deficits Undesirable

question 116

Multiple Choice

Why are deficits undesirable?

• A)They reduce private savings.
• B)If deficits accumulate, people consume at the expense of their children.
• C)They lead to high inflation.
• D)They increase unemployment.

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Definitions:

Nonwhites

A term used to describe people who are not considered white, often in the context of racial demographics or discussions.

Automatic Processing

Refers to the nonconscious encoding of incidental information such as space, time, and frequency, and of well-learned information, such as word meanings.

The Spacing Effect

A memory phenomenon where learning is greater when studying is spread out over time, as opposed to studying the same amount of content in a single session.

Procedural Memory

A type of long-term memory responsible for knowing how to do things, also known as motor skills, involving tasks such as riding a bike or typing.