When There Is an Inflationary Gap

question 2

Multiple Choice

When there is an inflationary gap

• A)we are spending too much and taxes should be raised.
• B)we are spending too much and taxes should be lowered.
• C)we are spending too little and taxes should be raised.
• D)we are spending too little and taxes should be lowereD.

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Definitions:

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before disposal.

Excretion

The biological process by which organisms remove waste products from their bodies to maintain homeostasis.

Urine

Fluid that consists of water and soluble wastes; formed and excreted by the vertebrate kidneys.

Urination

The process of excreting urine from the urinary bladder through the urethra to the outside of the body, an essential function for eliminating waste.