Assume That the Economy Is in a Recession and Has

question 13

Multiple Choice

Assume that the economy is in a recession and has a balanced budget.If the government increases its spending to reduce unemployment,what will happen to GDP and the government's budget?

• A)GDP will rise and the budget will be in a deficit.
• B)GDP will fall and the budget will be in a deficit.
• C)GDP will rise and the budget will be in a surplus.
• D)GDP will fall and the budget will be in a surplus.

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Definitions:

Episodic Memories

Memories of specific events or experiences, including the context in which they occurred, such as time and place.

Implicit Memory

A type of memory in which previous experiences aid the performance of a task without conscious awareness of these previous experiences.

Procedural Memory

A type of long-term memory that involves the recall of how to perform tasks such as walking, talking, or riding a bike.

Long-Term Memory

The phase of the memory process that is capable of storing information for long periods of time, from hours to decades.