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)deficit spending.
B)planned investment spending.
C)aggregate expenditure.
D)equilibrium spending.

Question

Quizplus · Accepted Answer

The total amount of spending in the economy is referred to as aggregate expenditure. Choice A, deficit spending, refers to government spending exceeding tax revenue. Choice B, planned investment spending, refers to a company's planned spending on physical capital, while choice D, equilibrium spending, refers to the level of spending where aggregate demand and aggregate supply intersect. Neither of these choices accurately describe the total amount of spending in the economy.

As a Result of Slow Economic Growth Following the Recession