What Are Two Ways the Government Can Use to Maintain

question 94

Essay

What are two ways the government can use to maintain full employment in an open economy? Also give an example for each.

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Definitions:

Personal Property

Items that are movable and not permanently fixed to one location, such as furniture, electronics, and vehicles.

Valued Policy

An insurance policy that pays a predetermined amount to the insured in the event of a total loss, regardless of the value of the lost property.

Fair Market Value

The price that property would sell for on the open market between a willing buyer and a willing seller.

Insure The House

Entering into a policy agreement with an insurance company to provide protection against damages or losses to one's home, typically against risks like fire, theft, or natural disasters.