The effect of automatic stabilizers on the business cycle is to _____
Fill in the blank(s) with the appropriate word(s).
make both upswings and downswings smaller.
You might also like to view...
The profit motive counteracts
a. consumer discrimination. b. discrimination in sports. c. the beauty premium. d. None of the above is correct.
A warranty on a used car is a credible signal of quality because:
A. many used cars come with warranties. B. it indicates the car is of average quality. C. it would cost the seller too much to honor a warranty on a low-quality car. D. sellers who offer warranties are more honest than most people.
Expansionary monetary policy will:
A. Reduce the lending capacity for banks. B. Raise interest rates. C. Encourage people to borrow more money. D. Reduce the equilibrium price level.
During the early 20th century, economists who held that the Ricardian equivalence theorem was theoretically true could support either sound or functional finance.
Answer the following statement true (T) or false (F)