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By 1900, American attitudes toward labor began to change as the public came to recognize the right of workers to bargain collectively and strike. Nevertheless,
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.
Aggregate Demand
The total demand for all goods and services within a particular market or economy.
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