As a result of slow economic growth following the recession of 2007-2009, companies including Intel and Worthington Industries cut production and employment in 2015 as a result of the sluggish growth in the total amount of spending in the economy.
The total amount of spending in the economy is known as
A) planned investment spending. B) aggregate expenditure.
C) deficit spending. D) equilibrium spending.
Question 2
A transfer payment is a payment by the government to an individual
A) for an investment good.
B) for which the government does not receive a good or service in return.
C) for a debt owed.
D) for a service.
E) for a consumption good.