In the Long Run,the Crowding-Out Effect of an Increase in Government

question 114

Multiple Choice

In the long run,the crowding-out effect of an increase in government purchases is

• A) more complete than in the short run
• B) canceled out by increases in infrastructure spending
• C) less complete than in the short run
• D) canceled out by improved consumer confidence
• E) a multiple of the initial change in spending

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Definitions:

PAI

The Personality Assessment Inventory, a psychological test designed to assess personality traits and psychopathology in adults.

Normal Personality Traits

Characteristics that occur commonly within the general population and are considered typical or average.

NEO PI-3

A psychological personality inventory that measures five major domains of personality traits and facets.

30 Facets

A term likely referring to a model or framework that describes thirty distinct aspects or dimensions of personality or other constructs; however, the specific model it refers to is not universally defined.