Automatic stabilizers
A. are probably insufficient to completely offset strong recessionary pressures.
B. tend to accelerate abrupt changes in economic activity and cause expenditures to move pro-cyclically.
C. give policy makers more time to formulate nondiscretionary policy.
D. are unimportant to those workers most likely to be laid off or otherwise harmed by recessions.
A. are probably insufficient to completely offset strong recessionary pressures.
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What will be an ideal response?
A utility-maximizing consumer would not consume more of a good if
a. marginal utility increases as more is consumed b. total utility diminishes as more is consumed c. MU/P < 1 d. MU/P < 1 e. MU/P = 1
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Macroeconomics is the study of how businesses interact to form the market system
Indicate whether the statement is true or false