The Ultimate Guarantor of Liberty and Justice Was

question 89

Multiple Choice

The ultimate guarantor of liberty and justice was

• A) the authority of the state.
• B) a written constitution.
• C) an independent judicial system.
• D) the virtue of the people.
• E) the absolute authority of the federal government.

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Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given price level in a specific period.

Government Purchases

Expenditures by the government on goods and services that directly increase the economy's productive capacity.

Autonomous Net Taxes

Taxes that are not influenced by the level of economic activity, such as fixed taxes.

Government Purchases

Government purchases refer to spending by government entities on goods and services that directly contribute to the economy's aggregate demand.