This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The federal budget deficit acts as an automatic stabilizer because A) Medicaid payments increase ... (Read 69 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
on: Jun 29, 2018
The federal budget deficit acts as an automatic stabilizer because
 
  A) Medicaid payments increase during expansionary periods.
  B) unemployment insurance payments decrease during a recession.
  C) food stamp payments increase during expansionary periods.
  D) government tax revenues decrease during a recession.

Question 2

The price elasticity of demand for a good is 0.2 . A 10 percent rise in the price will _______ the total revenue from sales of the good.
 
  A. decrease
  B. increase
  C. decrease the quantity sold with no change in
  D. not change


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B The total revenue test on page 121 shows that a rise in the price increases the total revenue if demand is inelastic.


HCHenry

  • Member
  • Posts: 591
Reply 2 on: Jun 29, 2018
Excellent

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Common negligent acts Common negligent acts
Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ...
Central Nervous System Stimulants and Drugs for Attention Deficit/Hyperactivity Disorder and ... Central Nervous System Stimulants and Drugs for Attention Deficit/Hyperactivity Disorder and ...
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library