Automatic stabilizers are, therefore, inseparable from cyclical budget imbalances
What will be an ideal response?
Economists often say that the portion of the deficit (surplus) that is the result of automatic stabilizers is the cyclical deficit (or surplus). It is, in effect, the part of the budget balance that is sensitive to fluctuations in the macroeconomy
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Under which circumstances does vertical integration become useful?
What factors contribute to the high level of productivity of the American worker?
What will be an ideal response?
Which of the following is most likely to be a variable cost?
A. Fuel and power payments. B. Interest on business loans. C. Rental payments on IBM equipment. D. Real estate taxes.
The long run for a business is a period of time
A) longer than a year. B) when most inputs are variable. C) when all inputs can change. D) when labor is the only input used by the business.