All of the Following Are Macro Failures That Justify Government

question 96

Multiple Choice

All of the following are macro failures that justify government intervention except for:

• A) High unemployment.
• B) A rising price level.
• C) A decline in the production capacity.
• D) Inequitable distribution of output.

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Definitions:

Order Paper

A document listing the items to be discussed or brought forward in a parliamentary or formal meeting.

Endorser

A person who signs the back of a negotiable instrument, such as a check, thereby transferring ownership or guaranteeing its terms to another party.

Creates

To bring something into existence or to cause something to happen or be made, often resulting in new or unique outcomes.

Endorsement

A public declaration of support or approval, often used in marketing to influence consumer behavior.