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.
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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.
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
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)
Equilibrium takes place where:
A. supply and demand intersect. B. supply is highest. C. demand is highest. D. prices are maximized.