A _____ Is a Tangible Good That Can Be Bought,sold,and

question 32

Short Answer

A _____ is a tangible good that can be bought,sold,and owned.

Distinguish between discretionary fiscal policy and automatic stabilizers.

Recognize the impact of fiscal policy on employment, the price level, and GDP.

Analyze the effects of taxes and government purchases on the economy.

Understand the concept of aggregate expenditure and its relationship with fiscal policy.

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Definitions:

Efficient

Achieving maximum productivity with minimum wasted effort or expense.

Efficient Communication

The exchange of information in a way that is effective and consumes the least amount of resources possible.

Minimum Cost

The least amount of financial expenditure required to achieve a particular objective, often essential for budgeting and financial planning.

Messenger

An individual or service that conveys messages or communicates information between parties.