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