Provide an example of how current expenditures might benefit future generations


Expenditures on education raise the productivity of workers and so make the wages of future generations higher than otherwise.

Economics

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A study of the impact of various government policies on economic growth would be considered:

A. marginal economics. B. microeconomics. C. government economics. D. macroeconomics.

Economics

Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.

A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary

Economics

Unconventional monetary policies include massive lending to banks and open-market purchases of assets other than Treasury bills.

Answer the following statement true (T) or false (F)

Economics

Equilibrium takes place where:

A. supply and demand intersect. B. supply is highest. C. demand is highest. D. prices are maximized.

Economics