Government Spending Will NOT Crowd Out Private Spending If

question 84

Multiple Choice

Government spending will NOT crowd out private spending if:

• A) all of the resources in the economy are employed.
• B) aggregate income is at its potential level.
• C) there is an inflationary gap.
• D) there is a recessionary gap.

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Definitions:

TMC Wheel End Adjustment

A procedure or set of guidelines issued by the Technology & Maintenance Council for adjusting the wheel end of a vehicle to ensure proper alignment and performance.

Preload Drag

A condition characterized by friction and drag in machinery components, typically bearings, caused by an applied preload force to ensure clearance elimination and precise operation.

Endplay

Linear play in a shaft, wheel, or rotor. The slang term for this, slop, describes the condition well. Some OEMs use the term axial slop to describe endplay.

Truck Wheel Seal

A component used in trucks to prevent lubricants from leaking out of the wheel bearings and to keep contaminants out.