Automatic stabilizers are fiscal policy measures that
A) must be determined by the Congress in each budget.
B) do not require new legislation.
C) are determined by the Federal Reserve System.
D) are part of discretionary fiscal policy.
B
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If a market is shared equally by 200 firms the Herfindahl-Hirschman Index is
A) 12.5. B) 25. C) 50. D) 200.
Assuming no bequests, with a real interest rate of 10 percent, wealth of $60,000, current income of $70,000, current consumption of $30,000 and future income of $100,000, future consumption equals ________
A) $30,000 B) $70,000 C) $100,000 D) $210,000
Bob has heard rumors that his employer will be merging with another firm and many employees may lose their jobs, and he wants to be prepared in case he loses his job. If he begins to save more in response to this rumor, it is a ________ reason for saving.
A. life-cycle B. public C. precautionary D. private
Refer to the provided graph of a competitive market. If the output level is Q1, then there are efficiency losses indicated by the area
What will be an ideal response?