Automatic stabilizers result in _____ fluctuations in aggregate demand for given changes in spending than would be the case for an economy in which automatic stabilizers did not exist.

A. greater
B. more severe
C. smaller
D. the same


C. smaller

Economics

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Refer to Table 11.1. What is the value of the government spending multiplier?

A) 1.67 B) 2.5 C) 3.33 D) 4

Economics

How much is this firm's ATC?

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If intermediate goods and services were included in GDP:

A. the GDP would be overstated. B. the GDP would then have to be deflated for changes in the price level. C. nominal GDP would exceed real GDP. D. the GDP would be understated.

Economics

If 1 U.S. dollar exchanges for 0.65 euro, how much would it cost in U.S. dollars and cents to purchase a bottle of Italian wine priced at 40 euro?

What will be an ideal response?

Economics