The Response of Investment Spending to an Increase in the Government

question 178

Multiple Choice

The response of investment spending to an increase in the government budget deficit is called

• A)expansionary investment.
• B)private dissaving.
• C)crowding out.
• D)income minus net taxes.

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Definitions:

George Ritzer

A sociologist known for his work on consumerism, globalization, and the concept of McDonaldization, which describes the process of rationalization in societal institutions.

McDonaldization

The process by which the principles of the fast food industry, such as efficiency, predictability, and control, have come to dominate other sectors of American society and the world.

George Ritzer

An American sociologist known for his concepts of McDonaldization, which explains how principles of the fast food industry dominate more sectors of society and global culture.

Organic Free-range

Food products derived from animals that have been raised in natural conditions, with access to the outdoors, and without the use of synthetic pesticides or fertilizers.