Which of the following serve as automatic stabilizers?
a. Transfer payments
b. Prices
c. Imports
d. All of the above serve as automatic stabilizers
e. None of the above serve as automatic stabilizers
D
You might also like to view...
According to the new classical system,
a. an anticipated change in aggregate demand will cause labor suppliers to make price forecast errors and will, therefore, affect output and employment. b. anticipated changes in aggregate demand will not affect output and employment because labor suppliers have perfect information about the price level. c. unanticipated changes in aggregate demand will shift both the aggregate demand schedule and the aggregate supply schedule. d. both b and c. e. None of the above
Which of the following described the monopolist’s marginal revenue curve on a graph?
a. Lies above the demand curve b. Is the same as the demand curve c. Lies below the demand curve d. Is a horizontal line at market price
Which of the following are not consumer durable goods? a. Automobiles
b. Washing machines. c. Air conditioners. d. Paperback books.
The labor supply curve shows how many workers are willing to work
A. at any given wage. B. in order to maximize the firm's profit. C. at the minimum wage. D. at any given time. E. in a particular industry.