Without automatic stabilizers
A. real GDP would fluctuate much more widely.
B. real GDP would not be affected.
C. the budget would be in balance during a time of recession.
D. the real GDP would fluctuate less widely.
A. real GDP would fluctuate much more widely.
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The most likely complementary good for hot dogs would be:
A. ketchup. B. burgers. C. tacos. D. pizza.
What type of business is most likely to be run as a family business?
a. multinational b. corporation c. partnership d. mutual fund e. sole proprietorship
Assume the supply curve of labor has the usual shape. If the wage rate is $10, 1,000 carpenters are willing to supply their labor. If the wage rate increases to $20, the
a. quantity supplied of labor will be more than 1,000 b. quantity supplied of labor will be less than 1,000 c. labor supply curve shifts to the right d. labor supply curve shifts to the left e. same amount of carpentry labor will be supplied
Graphically the intersection of the aggregate demand curve, the short-run and long-run aggregate supply curves determines:
A. the expansionary gap. B. long-run equilibrium. C. the recessionary gap D. short-run equilibrium.