Suppose the Government Ran a Budget Surplus in 2010 and a Larger

question 43

Multiple Choice

Suppose the government ran a budget surplus in 2010 and a larger surplus in 2011.The loanable funds model would predict that,as a result of the increase in the surplus,

• A)both the government debt and interest rates increased between 2010 and 2011.
• B)both the government debt and interest rates decreased between 2010 and 2011.
• C)the government debt increased and interest rates decreased between 2010 and 2011.
• D)the government debt decreased and interest rates increased between 2010 and 2011.

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Definitions:

Principalistic

Relating to an approach in ethics that emphasizes basic principles such as autonomy, beneficence, non-maleficence, and justice as groundwork for moral decision-making.

Objectivist

A follower of Objectivism, a philosophy founded by Ayn Rand, emphasizing rational individualism and the pursuit of self-interest.

Global Health Issues

These are health problems that transcend national borders and often have a global political and economic impact.

Fairness

The impartial and just treatment or behavior without favoritism or discrimination.