A trait of automatic stabilizers is that they ______.
a. have a short lag time
b. have a long lag time
c. are part of monetary policy
d. are created by the FOMC
a. have a short lag time
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As firms search for the best employee to fill an opening and the unemployed search for the job that best fits their skills, the economy experiences
A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) changes in the business cycle. E) avoidable unemployment.
Above the shutdown point, a competitive firm's supply curve coincides with its:
a. marginal revenue curve. b. marginal cost curve. c. average variable cost curve. d. average total cost curve.
A marginal change is a small incremental adjustment to an existing plan of action
a. True b. False Indicate whether the statement is true or false
Which is a factor of production?
a. Interest b. Money c. Rent d. Capital