Question

Please classify the terms based on whether they define functional finance. Functional finance Not functional finance Answer Bank want to achieve full employment want to ensure there is age oquality in the workplace want to ensure there is gender equality cor sexual equality in the workplace want to ensure there is economic growth the government intervenes, because the economy does not self regulate want to ensure that all homeowners have low home mortgage rates want to ensure there is racial equality in the workplace

Answer 1

Funtional Finance Functional finance is an economic theory proposed by Abba P. Lerner, based on effective demand principles and chartalism. It states that government should finance itself to meet explicit goals, such as taming the business cycle, achieving full employment, ensuring growth, and low inflation. Meaning Funtional Finance Want to achieve full employment want to there is economic growth the government intervenes, because the economy does not self regulate want to ensure that all homeowners have low home mortgage rates These are the objective of functional finance. Not Funtional Finance Want to ensure there is a age equality in the work place want to ensure there is gender equality (or Sexual equality) in the work place want to ensure there is a racial equality in the workplace