In the Long Run,large and Continuing Budget Surpluses

question 55

Multiple Choice

In the long run,large and continuing budget surpluses

• A) mean higher taxes and a lower standard of living
• B) mean a larger money supply and higher interest rates
• C) are a problem because they crowd out private spending
• D) permit the government to lower taxes,thereby encouraging work,investment,and saving
• E) mean a larger money supply and lower interest rates

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Definitions:

Social Structure

Social structure refers to the organized pattern of social relationships and social institutions that make up a society, shaping the behavior of its members.

Middle-Range Theories

Narrow, focused, theoretical frameworks that explain the conditions that produce some specific social behavior.

General Theories

Broad frameworks designed to explain a wide range of phenomena across contexts and time.

Theoretical Perspectives

Theories that make broad assumptions about human nature and offer general explanations of a wide range of diverse behaviors. See also Middle-range theories.