Built-in stabilizers:
A. increase the government's deficit during a recession.
B. reduce the size of the multiplier.
C. intensify the business cycle.
D. are a part of discretionary fiscal policy.
Answer: A
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The marginal cost of producing fish increases by $.01 with each additional fish. The marginal cost of the first fish is $.01, for the second it is $.02, etc. If the market price for fish is $7 per fish and your total fixed cost is $7,000 . you should
a. stop fishing after the 7,000th fish b. stop fishing after the 700th fish c. stop fishing after the 1,000th fish d. shut down e. there is not enough information to answer this question
Abstraction is used in economics to omit unnecessary details and focus on the essence of the problem being studied
a. True b. False Indicate whether the statement is true or false
Investors in real estate can choose to hold properties directly in the private market or indirectly through publicly traded real estate securities. The market for buying selling, and leasing real estate can be characterized by all of the following EXCEPT:
A. localized markets B. highly segmented markets C. privately negotiated contracts D. low transaction costs
If adopted by a firm, a labor-saving piece of technology is one that would:
A. decrease labor supply. B. decrease labor demand. C. increase labor supply. D. increase labor demand.