Automatic stabilizers are defined as
A) actions taken by an act of Congress to stabilize the economy.
B) policy that has no multiplier effects.
C) policy that stabilizes without the need for action by the government.
D) discretionary policy taken to stabilize the economy.
E) actions taken by the President without Congressional consent to stabilize the economy.
C
You might also like to view...
Large companies with good credit ratings tend to rely on __________ for short-term financing
A) the commercial paper market B) private placements C) finance companies D) equity
The more elastic the supply curve, _____
a. the greater the tax evasion b. the more suppliers have to bear the tax burden c. the more suppliers can shift the tax burden to demanders d. the more demanders shift the supply curve
Covariance stationarity focuses only on the first two moments of a stochastic process.
Answer the following statement true (T) or false (F)
Figure 8.12 shows a demand and costs of an unregulated monopoly. At the profit maximization output, the firm earns a profit of:
A. $0. B. $10,000. C. $50,000. D. $80,000.