The Argument That an Increase in Government Expenditures Will Have

question 228

Multiple Choice

The argument that an increase in government expenditures will have a larger impact on aggregate demand than tax cuts is based on the idea that

• A)tax cuts have no multiplier affect.
• B)people will save part of a tax cut.
• C)an increase in consumption expenditures has a smaller effect on real GDP than an equal increase in government expenditures.
• D)None of the above is correct.

Calculate and understand the gross profit recognition at the inception of a sales-type lease.

Comprehend the objectives of FASB's rules concerning leases.

Recognize the conditions that preclude a lessor from classifying a lease as a sales-type or direct financing lease.

Understand the reporting requirements for Unearned Interest in leases and the rationale behind capital lease accounting.

---

Definitions:

Public Administrative Law

The body of law that governs the activities of administrative agencies of the government, including rule making, enforcement, and adjudication.

Royal Assent

Needed in order for a bill to become law.

Lieutenant-Governor

An official who acts as the deputy to the governor, performing duties as assigned or in the governor's absence.

Legislature

A governmental body with the power to make, amend, or repeal laws.