The economic impact of automatic stabilizers during inflationary periods is to
A. moderate inflationary pressures.
B. have no impact on inflation.
C. increase exports.
D. accelerate inflationary pressures.
Answer: A
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The area below the price and above the supply curve measures the producer surplus in a market
a. True b. False Indicate whether the statement is true or false
Which of the following is a negative economic incentive:
A. Tax reductions on fuel-efficient cars B. High taxes on cigarettes C. A 1% decrease in city taxes for residents who recycle D. Free flu shots for all citizens
Why is price less than marginal revenue for a monopolist?
What will be an ideal response?
Costs associated with economic growth include all of the following EXCEPT
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