A philosophy based on the belief that democratic means should be used to distribute wealth evenly throughout a society
a. free enterprise
b. traditional economy
c. incentive
d. safety net
e. socialism
Ans: e. socialism
Economics
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The short-run simulative effect of a government budget deficit on real GDP is stronger with ________ financing, since this ________ the crowding out effect of the deficit
A) bond, enhances B) bond, eliminates C) money, enhances D) money, eliminates
Economics
A recessionary gap exists when
a. real GDP exceeds nominal GDP. b. nominal GDP exceeds real GDP. c. real GDP exceeds potential GDP. d. potential GDP exceeds real GDP.
Economics