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2 Nov 2020

12. The phenomenon of self-correcting mechanism, as found in the marketplace, seems to be missing in the case of government. True or False.

a. True

b. False

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Explaining the Democratic System of Government

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2 Nov 2020

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Rather than the short-run effects of decreasing government spending, allow a self-correcting economy to bring the model back to an equilibrium, the government decides to act to eliminate the output gap through monetary policy. Explain how the government would do this and the impact on your graph. Explain the pros and cons of the self-correcting economy in this case.

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14. In some cases, like the case of well-organized special interests or pork-barrel legislation, a democratic government may seek to enact economically unwise projects or programs. True or False.

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12. The phenomenon of self-correcting mechanism, as found in the marketplace, seems to be missing in the case of government. True or False.

a. True

b. False

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12. The phenomenon of self-correcting mechanism, as found in the marketplace, seems to be missing in the case of government. True or False. a. True b. False

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12. The phenomenon of self-correcting mechanism, as found in the marketplace, seems to be missing in the case of government. True or False.

a. True

b. False