The Increase in Aggregate Spending Needed to Bring an Economy

question 82

Multiple Choice

The increase in aggregate spending needed to bring an economy back to full employment is called

• A) goal-oriented spending.
• B) the inflationary gap.
• C) gap closure spending.
• D) the recessionary gap.

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Definitions:

Contract Term

A period during which a contract is operational and its conditions are applicable.

Automobile Insurance

A contract between an individual and an insurance company to cover financial loss related to car incidents, such as accidents, theft, or damage.

Personal Property

Items that are movable and not permanently fixed to one location, such as furniture, electronics, and vehicles.

Valued Policy

An insurance policy that pays a predetermined amount to the insured in the event of a total loss, regardless of the value of the lost property.