Examlex
Suppose the economy is at a position below the physical production possibilities frontier but above the institutional production possibilities frontier.In response to this situation,Keynesian economists may propose that government enact __________ fiscal policy to correct this __________ gap by __________ government expenditures.
Loanable Funds
The funds available for borrowing in the financial markets, derived from the savings of individuals and institutions.
Price Floor
A price floor set by a government or an organization, establishing the minimum price that can be charged for a good, service, or resource.
Price Ceiling
A cap set by authorities on the maximum price that can be asked for a good or service.
Shortage
Occurs when the demand for a product or service exceeds its supply in a given market, often leading to increased prices.
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