When There Is Excess Aggregate Demand,the Appropriate Fiscal Policy Would

question 21

Multiple Choice

When there is excess aggregate demand,the appropriate fiscal policy would be for the government to

• A)Make budget surpluses smaller.
• B)Make budget surpluses larger.
• C)Make budget deficits larger.
• D)Increase the public debt.

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Definitions:

Latent Learning

The subconscious retention of information without reinforcement or apparent learning, which becomes apparent when a related situation presents itself.

Motivation Present

The condition of having a current and active desire or drive to achieve a goal or fulfill a need.

Tolman

Tolman is known for his contribution to cognitive psychology, particularly for his theory of latent learning and cognitive maps in rats.

Holistic Point of View

An approach that emphasizes understanding the whole person or system rather than analyzing its parts in isolation.