Changes in Taxes and Transfers Affect Planned Spending

question 134

Multiple Choice

Changes in taxes and transfers affect planned spending:

• A)only when there is an expansionary gap.
• B)autonomously.
• C)directly, by changing induced expenditures.
• D)indirectly, by changing disposable income and, consequently, consumption.

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Definitions:

HNO3

Nitric acid, a highly corrosive and toxic strong acid used in the manufacture of fertilizers and explosives.

D-Tagatose

A ketohexose sugar related to fructose that has potential health benefits and is used as a low-calorie sweetener.

Keto-Enol Tautomerization

A chemical equilibrium between a ketone and its corresponding enol (a compound with a double bond and a hydroxyl group connected to the same carbon), highlighting the mobility of hydrogen and electrons.

D-Glucose

A naturally occurring form of glucose, a simple sugar, that is widely found in nature and is a primary energy source for living organisms.