Examlex
Which of the following is true for the Civil Rights Acts of 1866 and 1871?
Net Taxes
The total taxes paid to the government minus transfer payments and subsidies received from the government.
Aggregate Demand
The total quantity of goods and services demanded across all levels of an economy at a given price level and in a given time period.
Potential Output
The peak level of real GDP that can be maintained in the long run without causing inflation to rise.
Discretionary Fiscal Policy
Government policy involving changes in taxation and spending that are undertaken explicitly to influence economic activity.
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