The Government Decides Where to Build a New Highway and It

question 45

Multiple Choice

The government decides where to build a new highway and it needs to take some property from private landowners. The government is allowed to condemn property through

• A) the right to adverse possession.
• B) an easement.
• C) a profit.
• D) the power of eminent domain.

Differentiate between inflationary and recessionary gaps and their implications for the economy.

Calculate equilibrium GDP relative to full employment GDP and understand the impact of gaps.

Estimate economic outcomes based on theoretical fiscal plans.

Recommend fiscal policy measures to address economic gaps.

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