Built-in stabilizers
A. are insufficient to prevent the business cycle, but tend to lessen fluctuations in real GDP.
B. were introduced under President Nixon.
C. are found primarily in discretionary fiscal policy.
D. tend to lessen fluctuations in GDP through their effect on the money supply.
E. were endorsed by Adam Smith.
A. are insufficient to prevent the business cycle, but tend to lessen fluctuations in real GDP.
You might also like to view...
If you buy a good, its expected marginal value to you
a. is equal to its price b. is greater than its price c. is less than its price d. may be less than or equal to but not greater than its price e. may be greater than or equal to but not less than its price
Why are checking account balances included in the M1 definition of the money supply?
a. They are a traditional form of money that pre-dates paper money. b. They are used to make so many payments. c. They are backed by gold and silver. d. They pay interest.
Cartels with a small number of firms have a greater probability of reaching the monopoly outcome than do cartels with a larger number of firms
a. True b. False Indicate whether the statement is true or false
A grocery store with few choices is found is most likely found in a nation with a market economy
a. true b. false