Which of the following is an example of an automatic stabilizer?
A. a temporary tax rebate
B. cost of living adjustments to Social Security payments
C. unemployment benefits
D. all of these
Answer: C
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An option allowing the holder to buy an asset in the future is a
A) put option. B) call option. C) swap. D) forward contract.
The receipt of a Social Security benefit check would be considered part of
a. GDP. b. NI. c. NNP. d. PI.
For a perfectly competitive firm, in the short run, which of the following statements is true?
a. A price above minimum average variable cost, but below average total cost will produce an economic profit. b. A price below minimum average variable cost will cause the firm to shut down. c. Marginal cost is parallel to the axis showing quantity of output. d. Price is always greater than marginal revenue. e. Every firm contributes a significant amount to the total market output.
What is the recommended treatment for a muscle spasm in the lower leg?
A. Alternate hot and cold B. Pain medication C. Physical therapy D. Stretch the muscle