Which statement is true?
A. Both unemployment compensation and personal savings are automatic stabilizers.
B. Neither unemployment compensation nor personal savings are automatic stabilizers.
C. Only unemployment compensation is an automatic stabilizer.
D. Only personal savings is an automatic stabilizer.
A. Both unemployment compensation and personal savings are automatic stabilizers.
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If there is public dissaving, investment spending in the economy will decline, holding everything else constant
Indicate whether the statement is true or false
Net exports is calculated by:
A. adding total exports and total imports together. B. subtracting total exports from total imports. C. subtracting total imports from total exports. D. None of these is correct.
What important lesson did American economists learn in the 1980s and again in 2001-2003?
a. Large tax cuts can lead to a balance of trade surplus. b. Large government budget deficits can crowd out consumption. c. Large government budget deficits can bankrupt the nation. d. Large government budget deficits can crowd out net exports.
GDP that is not reported as real GDP is
A. an average of GDPs over a period of time, unadjusted for inflation. B. an average of GDPs over a period of time, adjusted for inflation. C. the actual GDP for that year, adjusted for inflation. D. the actual GDP for that year, unadjusted for inflation.