Examlex
Which of the following does not change aggregate demand?
Direct Controls
Government policies that directly constrain activities that generate negative externalities. Examples include maximum emissions limits for factory smokestacks and laws mandating the proper disposal of toxic wastes.
Economic Efficiency
A situation where resources are allocated in a way that maximizes the net benefit to society or achieves the desired output with the least waste.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction or activity, not reflected in the transaction's price.
Traffic Congestion
A condition on road networks that occurs as use increases, and is characterized by slower speeds, longer trip times, and increased vehicular queueing.
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