An automatic stabilizer...
What will be an ideal response?What will be an ideal response?
is triggered by the state of the economy
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Over the business cycle,
A) real GDP fluctuates around its trend. B) neither real GDP nor potential GDP fluctuates because they just grow smoothly along their trends. C) only real GDP fluctuates around its trend and potential GDP remains equal to its trend. D) only potential GDP fluctuates around its trend and real GDP remains equal to its trend. E) potential GDP fluctuates around its trend.
All group decisions are Pareto superior moves
a. True b. False
The antitrust law that prohibits firms from combining or conspiring to restrain trade in interstate commerce is the:
a. Federal Trade Commission Act. b. Clayton Act. c. Sherman Antitrust Act. d. Robinson-Patman Act.
The monetary expansion of the mid-1990s was expected to lead to a currency appreciation
a. True b. False Indicate whether the statement is true or false