If the economy enters an expansion
A) cyclical unemployment increases.
B) structural unemployment increases.
C) cyclical unemployment decreases.
D) structural unemployment decreases.
C
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Explain the differences between discretionary fiscal policy and automatic stabilizers, and give one example of each
What will be an ideal response?
The permanent income hypothesis is associated with
a. John M. Keynes b. James Duesenberry c. Franco Modigliani d. Adam Smith e. Milton Friedman
Both tariffs and quotas will restrict supplies coming into the country from abroad
a. True b. False Indicate whether the statement is true or false
Other things the same, a fall in an economy's overall level of prices tends to
a. raise both the quantity demanded and supplied of goods and services. b. raise the quantity demanded of goods and services, but lower the quantity supplied. c. lower the quantity demanded of goods and services, but raise the quantity supplied. d. lower both the quantity demanded and the quantity supplied of goods and services.