Complete the Following Using the Terms Listed Below

question 134

Multiple Choice

Complete the following using the terms listed below:
-If the government spends more than it collects in taxes, then a(n) _____ occurs.

• A)Consumer Price Index (CPI)
• B)inflation
• C)gross domestic product (GDP)
• D)fiscal policy
• E)monetary policy
• F)equilibrium price
• G)budget deficit
• H)pure competition
• I)supply
• J)demand
• K)productivity
• L)recession
• M)microeconomics
• N)oligopoly
• O)monopoly

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Definitions:

Selective Perception

The process by which individuals perceive what they want to in media messages while ignoring opposing viewpoints, often due to biases.

Selective Memory

The tendency to remember only certain details of an event or experience, often those that align with one's existing beliefs or attitudes.

Rehearsing

The act of practicing ahead of time how one will perform in a specific situation to perfect their response or performance.

Boredom

A state of feeling disinterested or weary due to lack of stimulation or activity.