Many Economists Believe That Increases in Government Spending Were Necessary

question 213

Multiple Choice

Many economists believe that increases in government spending were necessary to help the Canadian economy recover from the recession of 2008-2009.Neils Veldhuis and Charles Lammam, on the other hand, believe that the recovery was due to

• A)increases in net exports.
• B)decreases in the price level.
• C)increases in private spending.
• D)a fall in potential GDP.
• E)workers accepting much lower wages.

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Definitions:

Childbirth Leave

A policy or legislation that allows parents to take time off work following the birth of their child, often with pay and without losing their job.

Labour Party

A political party oriented towards promoting the interests of workers and advocating for policies that support labor rights, social justice, and egalitarianism.

Labor Movement

A collective organization of workers and labor unions aimed at improving wages, working conditions, and workers' rights through collective bargaining and political action.

Social Partnership

A collaborative relationship between government, employers, and labor unions aimed at addressing economic and social issues in a cooperative rather than confrontational manner.