Identify and State the Historical Significance of the Following

question 54

Short Answer

Identify and state the historical significance of the following:
-Patent Office

---

Definitions:

Aggregate Demand

The whole of economic demand for goods and services at a given price level, within a certain time range.

Federal Budget

A government's plan for revenue and spending over a specific period.

National Debt

The total amount of money that a country's government has borrowed by various means, including foreign governments and domestic lenders.

Treasury Bills

Short-term government securities with maturities of less than one year, sold to investors to finance governmental debt.