The Employment Act of 1946 reflects which one of the following functions of government?
A) providing a legal system
B) improving economy-wide stabilization
C) correcting externalities
D) providing public goods
Answer: B
Economics
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An increase in government expenditure on goods and services
A) increases aggregate demand. B) increases the aggregate quantity demanded. C) decreases the aggregate quantity demanded. D) decreases aggregate demand.
Economics
If planned aggregate expenditure is above potential GDP and planned aggregate expenditure equals GDP, then
A) the economy is in an expansion. B) actual inventory investment will be less than planned inventory investment. C) actual inventory investment will be greater than planned inventory investment. D) the economy is at full employment.
Economics