Unemployment insurance and Medicaid are examples of ______.
a. the crowding-out effect
b. monetary policy
c. discretionary spending
d. automatic stabilizers
d. automatic stabilizers
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The __________ is always larger than the __________
A) yield on a discount basis; coupon equivalent yield B) yield on a discount basis; bond equivalent yield C) coupon equivalent yield; yield on a discount basis D) None of the above.
A person who is willing to bear more risk will buy
A) common stock. B) preferred stock. C) bonds. D) government bonds.
The short-run Phillips curve indicates that expansionary monetary policy will temporarily raise the unemployment rate above its natural rate
a. True b. False Indicate whether the statement is true or false
One reason for the good record of democracies on economic growth is that:
A. people can become rich by competing for the limited economic resources. B. people can become rich by gaining economic resources in their favor. C. the public as a whole can become rich by supporting efficient policies that generate economic growth. D. the public as a whole can become rich by equally dividing the economic resources.