A government deficit can affect the circular flow of income because the government spending could drop due to the deficit and the economy could slow down.
<h3>What is a
government spending?</h3>
It refers to the total money spent by the public sector on the acquisition of goods and provision of services such as education, healthcare, social protection, defense etc.
A government budget deficit arises from an excessive government spending and low levels of taxation that don't cover expenditure.
Hence, the government deficit can affect the circular flow of income because the government spending could drop due to the deficit and the economy could slow down.
Therefore. the Option C is correct.
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Answer:
If the money wage rate increased from $40.00 to 45.24 and hour and consumer prices rose by 16%, we would expect _______ people to try to find a job and employed people to want to work _______ hours.
a. more; longer.
The____ would _____.
b. quantity of labor supplied; increase.
Explanation:
Generally, when wage rates increase, this will led to an increase in the inflation rate. The problem is what happens if wages increase less than the inflation rate. This means that real wages will actually decrease once we adjust them to inflation. This will cause more people trying to get a job or working longer hours just to be able to pay for the same amount of goods as before.
In this example, the wage rate increased by 13.1%, but the inflation rate increased by 16%, so real wages decreased.
Insufficient funds and irregular signatures are reasons why a cheque may not be cleared in time.
<h3>What is a Cheque?</h3>
This can be defined as a written, dated, and signed instrument which directs a bank to pay a specific sum of money to the bearer.
Insufficient funds and irregular signatures may delay the clearing of cheque which is a result of human error and could lead to returning it.
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Confidential papers are extremely well-protected materials. So, if I come across a document with Confidential scrawled on it, I'll simply tuck it under the door.
<h3>What basically constitutes confidential papers?</h3>
All plans, designs, renderings, reports, analyses, studies, records, agreements, summaries, notes, and other materials and documents relating to the Developer, whether written or given orally, are considered Confidential Documents.
As a result, in the scenario above, I will simply place the confidential paper in the drawer of a coworker.
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