As Opposed to an Increase in Government Expenditures, a Tax

question 39

Multiple Choice

As opposed to an increase in government expenditures, a tax cut

• A) is likely to impact spending faster and according to traditional theory has a larger multiplier.
• B) is likely to impact spending faster, but according to traditional theory has a smaller multiplier.
• C) is likely to impact spending with a longer lag, but according to traditional theory has a larger multiplier.
• D) is likely to impact spending with a longer lag and according to traditional theory has a smaller multiplier

Recognize the psychological mechanisms behind conformity and dissent.

Identify how cultural, social, and situational contexts influence individual behavior.

Understand the distinction between informational and normative influences.

Grasp the significance of self-esteem and self-awareness in conformity.