What do automatic stabilizers attempt to stabilize?
A) long-run aggregate supply B) exports
C) imports D) aggregate demand
D
You might also like to view...
Complete the following analogy: A criminal is to a police artist's sketch as the economy is to:
a. money. b. an economic model. c. a resource. d. Ceteris paribus. e. scarcity.
If there is excess demand in a market, then this suggests that:
A. the market price is above the equilibrium price. B. there is an opportunity for mutually beneficial trades. C. there is no way to help some people without harming others. D. the market is in equilibrium.
The sharp reduction in marginal tax rates during the 1980s
a. reduced the incentive of high-income Americans to work. b. increased the incentive of high-income Americans to utilize tax shelters. c. increased the unemployment rate of high-income Americans. d. increased the visible income of high-income Americans.
Technological progress generally has the effect of
a. creating permanently higher levels of unemployment. b. freeing resources that can now go to other uses. c. lowering the national standard of living. d. doing all of the above.