Which of the following is an example of an automatic stabilizer?
A. Supply-side policies that Congress designs to stimulate the economy.
B. Fed discount rate.
C. Changes that are triggered by the economy and not by government decision makers.
D. Discretionary fiscal policy that must be determined by Congress and the president.
Answer: C
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When can backward induction be used to arrive at the equilibrium for a game?
What will be an ideal response?
As of 2007, the United States is the world's largest importer
Indicate whether the statement is true or false
A quota has all of the following impacts except:
A. drive up prices. B. create deadweight loss. C. help poorer countries. D. generate revenues for government.
The total revenue curve for a firm is given by TR = 2Q.
A. The firm may be a monopolist or a perfectly competitive firm. B. The firm is definitely not a monopolist. C. The firm is definitely a monopolist. D. One cannot tell from the equation what market form applies.