When the Federal government cuts taxes and increases spending to stimulate the economy during a period of recession, such actions are design to be:

A. Passive

B. Automatic

C. Countercyclical

D. Nondiscretionary


C. Countercyclical

Economics

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In periods when GDP grows very rapidly for a long period, the actual unemployment rate will be ________ than the natural rate of unemployment

A) higher B) the same C) more variable D) lower

Economics

Using the table, Fred's marginal cost of the 200th slice of pizza is

A) $2.50. B) $6. C) $0.50. D) $20.

Economics

Marginal benefit is equal to the ________ benefit a consumer receives from consuming one more unit of a good or service

A) additional B) unintended C) total D) surplus

Economics

Under a system of laissez faire, output selection is determined by consumers' wants

a. True b. False Indicate whether the statement is true or false

Economics