If Aggregate Output Is Falling,_____

question 47

Multiple Choice

If aggregate output is falling,_____.

• A)federal budget deficit decreases
• B)tax revenue increases
• C)automatic stabilizers will tend to increase the size of the deficit
• D)automatic stabilizers will tend to decrease the size of the deficit
• E)transfer payments decrease as fewer people become eligible for public assistance

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Definitions:

Global Markets

Refers to the international exchange of goods, services, and capital among various countries without much restriction.

Quality Production

The process of manufacturing products that meet or exceed customer expectations in terms of durability, functionality, and design.

Distribution Systems

Networks involved in moving a product or service from the supplier to the customer, covering warehousing, transportation, inventory management, and delivery.

Outsourcing

The practice of hiring third parties to perform services, handle operations or provide goods that are either difficult to manage or outside the company's expertise.