Automatic stabilizers are designed to
A) moderate changes in disposable income. B) stabilize the bi-partisan budget process.
C) simplify the tax system. D) promote global trade.
A
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On a graph with x on the horizontal axis and y on the vertical axis, the origin is
a. the point where x = 0 and y = 0 b. any point where x = 0 c. any point where y = 0 d. where a curve intersects the vertical axis e. where a curve intersects the horizontal axis
Which of the following economic theories favors an active role for government in promoting low inflation and economic growth?
a. New Keynesian b. Monetarists c. New classical economists d. Classical economists e. Marxists
On the basis of the rational expectations theory we can say that, the aggregate supply in an economy depends on what sort of macroeconomic course policy makers are expected to pursue
Indicate whether the statement is true or false
If the price that a perfect competitor receives for her final product rises by 50%, the firm's MRP schedule will shift to the __________.
Fill in the blank(s) with the appropriate word(s).