Answer:
A. the economy is producing at less than its potential output and has some cyclical unemployment.
Explanation:
Increase in government spending will increase domestic income, only if economy is producing at less than its potential output.
Increase in federal government spending raises the level of 'govt expenditure' in Aggregate Demand. This creates 'Excess Demand' (AD > AS). However, if the economy is at full employment level, i.e all the resources are already best efficiently utilised as per their production potential. Then, the economy can't increase its domestic income more than its full employment (full potential) level. So : Increase in government spending in full employment case, wont increase total production/ income/ employment further ; as the economy is already at full employment & can't increase economic activity beyond that.
Adam Smith, and Invisible hand. hope this helps!
The ownership of the national debt is about <u>60 </u>percent by U.S government or quasi-government agencies (federal reserve).
<h3>What do you mean by quasi-government?</h3>
A quasi-governmental healthcare organization that is funded by the government but is privately run.
Quasi-government is used to represent organizations, districts, commissions, businesses, and municipal divisions that are primarily operated by the private sector but are essentially owned by the government.
Hence, The ownership of the national debt is about <u>60 </u>percent by the U.S government or quasi-government agencies (federal reserve).
Learn more about quasi-government:
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Answer: Counseling Supervision
Explanation:
Counseling Supervision is a training process which involves the supervision of a new counselor by a senior counselor, where advice and instructions are given to the new counselor on counseling cases they are handling.
The counseling supervisor is very important to the new counselor because they are the ones that nurture the new counselors in the field and acts as role models to them.
Answer:
Scenario Differences In Human Capital Compensating Differential Differences In Natural Ability Labor Unions An Economics Consulting Firm Hires Rina, A Recent PhD Graduate In Economics, And Pays Her An ... For each of the scenarios in the following table, indicate the most likely reason for the difference in earnings.
Explanation:
