The Keynesian short-run aggregate supply curve is demonstrated graphically as a

Economists refer to the series of induced increases in consumption spending that result from an initial increase in autonomous expenditures as the ________ effect

A) multiplier B) expenditure C) aggregate demand D) consumption

A government budget deficit is

A) an excess of government spending over government revenues during a given time period. B) a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period. C) the total value of all outstanding federal government securities. D) all federal government debt irrespective of who owns it.