What is the difference between federal purchases and federal expenditures?
What will be an ideal response?
Federal purchases refer to federal spending where the federal government receives a good or service in return, like an aircraft carrier. Federal expenditures include federal purchases plus interest on the national debt, grants to state and local governments, and transfer payments.
Economics
You might also like to view...
By increasing government spending
What will be an ideal response?
Economics
Which would cause a leftward shift in the supply curve for telephone service?
a. A decrease in the price of telephones b. An increase in the wage of telephone workers c. An increase in consumer incomes in the economy d. An improvement in telephone technology
Economics