Automatic stablizers
A. are not effective in influencing real GDP at any time.
B. are only effective in influencing real GDP during normal times.
C. are only effective in influencing real GDP at times of a recession.
D. can influence real GDP at normal times and times of a recession.
Answer: D
You might also like to view...
If a person works 10 percent fewer hours after being given a raise of 20 percent, the individual's elasticity of labor supply is:
A. 2. B. .5. C. ?.5. D. ?2.
? Along the short-run aggregate supply curve (SRAS), an increase (rightward shift) in the aggregate demand curve will increase:
A. ?both the price level and real GDP. B. real GDP without raising the price level. C. the price level without affecting real GDP. D. ?the price level but reduce real GDP.
An industry is comprised of 20 firms, each with an equal market share. What is the four-firm concentration ratio of this industry?
A. 0.8 B. 0.2 C. 0.4 D. 0.6
Increases in capital per hour worked cannot sustain high rates of economic growth unless accompanied by technological change
Indicate whether the statement is true or false