Automatic stabilizers
A. are programs which require legislative action.
B. are changes in federal corporate and personal income taxes.
C. affect national income, the unemployment rate, and other measures of macroeconomic activity.
D. only work during economic contractions.
C. affect national income, the unemployment rate, and other measures of macroeconomic activity.
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On the vertical axis, the production possibilities frontier shows ________; on the horizontal axis, the production possibilities frontier shows ________
A) the quantity of a good; the number of workers employed to produce the good B) the quantity of a good; the price of the good C) the quantity of a good; a weighted average of resources used to produce the good D) the quantity of one good; the quantity of another good
Refer to Figure 1.7. This economy will achieve efficiency in production at
A. Point J only. B. Point G only. C. Points D, G, and J. D. Point D only.
Banks in the United States still cannot
A) own finance companies. B) be full-service brokers. C) offer their own mutual funds. D) offer merger advisory services.
In the open economy model, the supply of loanable funds comes from national saving and net capital outflow
a. True b. False Indicate whether the statement is true or false