At higher rates of output, the per-unit cost of producing additional output increases
Indicate whether the statement is true or false
true
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Which of the following might be considered an automatic fiscal stabilizer?
A) government spending for the war effort B) 401(k) retirement program C) government budgeting for education D) unemployment compensation
Which of the following statements is true of open-market operations?
a. Open-market operations involve clearing checks b. Open-market operations involve lending money to member banks. c. Open-market operations involve accepting deposits from member banks. d. Open-market operations involve the Fed's purchase and sale of government securities. e. Open-market operations involve the Fed's purchase and sale of foreign exchange.
Raising total utility is the prime objective of which political philosophy?
a. utilitarianism b. liberalism c. libertarianism d. None of the above is correct.
Below are pairs of GDP growth rates and unemployment rates. Economists would be shocked to see most of these pairs in the U. S. Which pair of GDP growth rates and unemployment rates is realistic?
a. 5 percent, 1 percent b. 3 percent, 5 percent c. -1 percent, 3 percent d. -2 percent, 4 percent