The economic impact of automatic stabilizers during ________ periods is to moderate economic downturns.
A. inflationary
B. recessionary
C. deflationary
D. expansionary
Answer: B
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When the Fed ________, the quantity of banks' reserves decreases
A) hikes taxes B) buys government securities C) lowers the required reserve ratio D) sells government securities E) raises the required reserve ratio
An open outcry auction is an auction where ________
A) bids are placed privately B) public goods are sold C) bidders know about each other's bids D) free goods are distributed among the general public
Owners of a parking lot are deciding whether or not to add more parking spaces to the lot. The owners should increase parking spaces as long as:
a. LRMR=LRMC
b. LRMR>LRMC
c. LRMR
According to Keynesian economists, which of the following is not a consequence of increasing the money supply?
a. A lower interest rate. b. Greater investment. c. Lower real GDP. d. Higher real GDP.