As a Possible Approach to Eliminating the Government Budget Deficit

question 2

Multiple Choice

As a possible approach to eliminating the government budget deficit, increasing taxes for everyone would

• A) mean only a small increase in taxes.
• B) lead to an inflationary gap.
• C) transfer more goods and services to the government sector.
• D) lead to a large increase in taxes for every worker.

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Definitions:

Gastric Secretion

The process of producing and releasing fluids containing hydrochloric acid and digestive enzymes by the stomach lining.

Chyme

The fluid mixture of partially digested food and digestive secretions that is formed in the stomach and intestine during digestion.

Gastric Juices

A mixture of mucus, hydrochloric acid, and digestive enzymes produced by the stomach lining to aid in the digestion of food.

Bolus

A mass of chewed food at the moment of swallowing.