When Asked by a Prison Chaplain Why He Stole from Banks

question 18

True/False

When asked by a prison chaplain why he stole from banks the great Willie Sutton replied: "cause that's where the money is."

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Definitions:

Fiscal Policy

Government policies concerning taxation and spending to influence economic conditions, including aggregate demand.

Crowding Out

A situation where increased public sector spending leads to a reduction in private sector spending, which can dampen or negate the intended stimulative effect of the government's expenditures.

Investment Spending

Expenditure on capital goods including buildings, machinery, and equipment, which is intended to increase future production.

Aggregate Expenditure

The total amount spent on goods and services in an economy at a particular time.