A reduction in corporate income and payroll taxes acts as an automatic stabilizer during a recession by ______.
a. reducing the tax burden on companies
b. increasing the tax burden on companies
c. maintaining the tax burden on companies
d. eliminating the tax burden on companies
a. reducing the tax burden on companies
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The processes a firm uses to turn inputs into outputs of goods and services are the firm's
A) production function. B) technology. C) total factor productivity. D) manufacturing ideology.
Which of the following pairs of lags are typically shorter for monetary policy than for fiscal policy?
a. The recognition lag and the implementation lag b. The effectiveness lag and the decision-making lag c. The decision-making lag and the implementation lag d. The implementation lag and the effectiveness lag e. The recognition lag and the effectiveness lag
Suppose a saver is looking for the opportunity to make a very large return in a very short period of time. Would you recommend diversification for this individual?
What will be an ideal response?
The law of demand can be explained as:
A. a lot of people wanting the same thing. B. the higher the price, the smaller the quantity demanded, ceteris paribus. C. people are willing to make limited sacrifices to acquire products. D. legal reasons people make purchases in the marketplace.