If the Full Employment Level of Income Is $1200 Billion

question 86

Multiple Choice

If the full employment level of income is $1200 billion and the present level of income is $1000 billion

• A)an inflationary gap exists
• B)autonomous expenditure is too low for a full employment equilibrium
• C)autonomous expenditure is too high for a full employment equilibrium
• D)a decrease in autonomous expenditure is required
• E)government purchases of goods and services should be reduced

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Definitions:

Specific Deterrence

A criminal justice policy aimed at preventing an individual who has already committed an offense from reoffending.

General Deterrence

The theory that the presence or potential of punishment can discourage individuals or society at large from committing crimes.

Legislation

Laws that have been enacted by a government or legislative body.

Cesare Becarria

was an 18th-century Italian criminologist, jurist, and philosopher who is best known for his treatise "On Crimes and Punishments," advocating for criminal justice reforms.