________ are revenue and spending items in the federal budget that automatically change with the ups and downs of the economy so as to stabilize disposable income, consumption, and real GDP
a. Multipliers
b. Discretionary fiscal policies
c. Discretionary monetary policies
d. Automatic stabilizers
d
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Country X and Country Y are two neighboring countries which are experiencing recession. The government of Country X reduced its expenditure during the recession while Country Y's government increased the supply of money in the economy
Which of the two policies will help the economy to recover from the recession?
Why might a nation that has an absolute advantage in the production of a good or a service still not be able to find a trading partner?
What will be an ideal response?
The most frequently used experimental or observational data in econometrics are of the following type:
A) cross-sectional data. B) randomly generated data. C) time series data. D) panel data.
The father of modern economics that wrote The Wealth of Nations is:
a. Karl Marx b. John Maynard Keynes c. Adam Smith d. Thorstein Veblen