Automatic stabilizers _____
Fill in the blank(s) with the appropriate word(s).
are revenue and spending programs in the federal budget that automatically adjust with the ups and downs of the economy.
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What is unemployment compensation?
What will be an ideal response?
Suppose you have one U.S. dollar with which you wish to purchase U.K. (one-year) bonds in period t. Which of the following expressions represents the amount of U.S. dollars you will receive in one year (i.e., period t + 1 ) from purchasing U.K. bonds in period t?
A) i B) 1 + i C) (1 + i)Eet+1/Et D) (1 + i)Et/Eet+1 E) none of the above
The goal of the firm is
A) low labor turnover. B) to maximize sales. C) to minimize costs. D) profit maximization.
If real GDP falls from one period to another, we can conclude that:
A. deflation occurred. B. inflation occurred. C. nominal GDP fell. D. None of these necessarily occurred.