Automatic stabilizers are government programs that tend to push the federal budget toward surplus as the real GDP rises and toward deficit as the real GDP falls
a. True
b. False
Indicate whether the statement is true or false
True
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If the manager of a nonprofit enterprise sets prices below market clearing levels, she
A) increases the net revenue of the enterprise. B) provides herself with control over a valuable good. C) reduces her personal popularity. D) produces all of the above consequences.
Income redistribution ________
A) creates an income distribution that is less equal than the market distribution B) is efficient because it makes the distribution of income more equal. C) eliminates the big tradeoff between rich and poor D) creates a deadweight loss
Which of the following are examples of perfectly competitive markets?
A) Wheat B) Textiles C) Gold D) The stock market E) all of the above
The payments made to shareholders from a firm's profits are called
a. owner subsidies b. principal c. coupon payments d. retained earnings e. dividends