Use the Following to Answer Questions

question 214

Multiple Choice

Use the following to answer questions:
Figure: Short-Run Equilibrium
-(Figure: Short-Run Equilibrium) Look at the figure Short-Run Equilibrium. If the economy is at equilibrium at Y₁ and P₁, the appropriate policy to return the economy to potential output would be a(n) :

• A)increase in transfer payments.
• B)increase in government spending.
• C)increase in taxes.
• D)decrease in taxes.

Understand the process and standards for amending the U.S. Constitution.

Grasp the political philosophies that influenced the Founding Fathers in drafting the Constitution and Declaration of Independence.

Identify the institutional arrangements of the Constitution, specifically the separation of powers and federalism, and their functions within the American political system.

Distinguish between different systems of government and their characteristics in a global context.

---

Definitions:

Heuristic

A problem-solving approach that employs a practical method or various shortcuts to produce solutions that may not be perfect but are sufficient for the immediate goals.

Divergent

Thinking or a thought process that generates creative ideas by exploring many possible solutions, contrasting with convergent thinking.

Subgoals

Intermediate objectives set as part of a strategy to achieve a larger goal, helping to organize efforts and measure progress.

Working Backwards

Working backwards is a problem-solving strategy that involves starting with the conclusion or desired outcome and then deducing the steps needed to reach that outcome.