Macroeconomy, economics, Microeconomics

Adding the economic activities of government to the circular flow model shows that:
1. Government spending creates inflation
2. Government purchases of goods and services, taxes, and transfer payments affect how resources are allocated
3. The Federal government has to borrow funds from households in order to pay salaries to public officials and members of the armed forces
4. The economic functions of government are shared equally among Federal, state, and local governments
Posted Date: 3/4/2012 11:42:47 AM | Location : United States

Related Discussions:- Macroeconomy, economics, Assignment Help, Ask Question on Macroeconomy, economics, Get Answer, Expert's Help, Macroeconomy, economics Discussions

Write discussion on Macroeconomy, economics
Your posts are moderated
Related Questions
Bank for International Settlements: An international financial regulatory organization based in Switzerland, Bernethat designs international regulations regarding capital adequacy

1. Suppose the wage rate is w = 1. An agent is working 6 hours per day and consumes 5 units of goods per day. Suppose that the agent claims to be indifferent between his current

Black Economy Public Policy Interface: The above mode of functioning and expansion of the black economy became an important basis for policy disruption in India. The undergrou

draw a production possibility frontier task using the graph and value and identity the pareto efficent and inefficient point and the marginal oppotunity cost of x for each point of

risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation

So there''s an article about how a company wants to expand its services overseas to another country. I don''t get what will happen to the supply and demand curve. There has to be

regis is hungry for a snack. Here is the value he place on a cupcake: value of the first cupcake$5, value of the second cupcake $4, value of the third cupcake $3, and the value of

Demand for Risky Assets *  Assets - Something which provides a flow of money or services to its owner. -  The flow of money or services can be explicit or implicit . *