Consider the Government's Intertemporal Budget Constraint

question 83

Multiple Choice

Consider the government's intertemporal budget constraint:
Term A is __________,and term B is __________.

• A)the present value of government spending;the initial debt
• B)the total annual spending;the deficit
• C)the initial period's spending;the initial debt
• D)the present value of government spending and taxes;the present value of government spending
• E)None of the above is correct.

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Definitions:

Critical Thinking Skill

The ability to analyze facts, generate and organize ideas, defend opinions, make comparisons, draw inferences, evaluate arguments, and solve problems.

Inductive Reasoning

A method of reasoning in which the premises are viewed as supplying some evidence, but not full assurance, of the truth of the conclusion.

Bloom's Taxonomy

A hierarchical classification of the different levels of thinking skills, ranging from simple recall of facts to complex evaluation and creation.

Surrealist

Pertaining to surrealism, an artistic and literary movement that sought to release the creative potential of the unconscious mind by emphasizing irrational juxtaposition of images.