Unemployment compensation programs are called automatic stabilizers because payments increase during
A. both recessions and expansions.
B. expansionary periods.
C. periods of high unemployment.
D. wartime only.
Answer: C
You might also like to view...
Gross domestic product is the
A) value of the final goods and services produced in a country during a specific time. B) total amount that buyers spent on the final goods and services produced in a country during a specific time. C) total amount of income earned in producing the final goods and services in a country during a specific time. D) All of the above answers are correct.
Bans or quotas that limit the use of common resources are straightforward public-policy approaches to solving the problem of overuse if:
A. the community agrees to aid in its enforcement. B. the community affected participates in setting the punishments for breaking the policy. C. countries have the resources to enforce them. D. None of these statements is true.
Today, __________ leads the world with more than 800 million cell phone users.
A. the United States B. China C. Japan D. Canada
An emission charge
A. Increases private marginal cost and reduces output. B. Increases private marginal cost and increases output. C. Reduces private marginal cost and reduces output. D. Reduces private marginal cost and increases output.