Author Question: Gresham's Law: a. applies only to bimetalism issues. b. applies only to monetary issues in ... (Read 18 times)

Mimi · **on:** Jun 30, 2018

Gresham's Law:
a. applies only to bimetalism issues.
b. applies only to monetary issues in general.
c. applies to a wide variety of situations.
d. is only understood after taking graduate-level courses.

Question 2

Automatic stabilizers played a part in reducing the length and severity of the recession of 1953-54 . Which of the following is an example of an automatic stabilizer?
a. Deficit spending by the federal government
b. Spending on education by local and state governments
c. Programs like unemployment insurance and Social Security
d. Actions by the Federal Reserve aimed at reducing interest rates

Kdiggy · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c. applies to a wide variety of situations.

Answer to Question 2

c. programs like unemployment insurance and Social Security