A fall in income that results in a decrease in tax revenues is an example of...
What will be an ideal response?
automatic fiscal policy
Economics
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In the table above, what is the equilibrium wage rate in an unregulated market?
A) $8.00 per hour B) $9.00 per hour C) $10.00 per hour D) $11.00 per hour
Economics
GDP is a measure of an economy's:
A. domestic price level. B. domestic productivity. C. level of unemployment. D. total output.
Economics
According to classical economists, unemployment rises in recessions due to an increase in ________ unemployment, not ________ unemployment
A) cyclical; frictional and structural B) frictional and cyclical; structural C) structural; frictional and cyclical D) frictional and structural; cyclical
Economics
Federal Reserve notes are
A. checks issued by the U.S. government. B. backed by gold. C. paper currency. D. savings bonds.
Economics