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 73 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
Wow, this really help

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Analogy for How Magnetic Field Strengths Increase Analogy for How Magnetic Field Strengths Increase
Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
Increase in Surface Area by Mechanical Weathering Increase in Surface Area by Mechanical Weathering
Find the equivalent replacement payments for the following scheduled payment. Find the equivalent replacement payments for the following scheduled payment.
Video: Type of Cell Junctions - Desmosome, Hemidesmosomes and Gap Junctions

For a complete list of videos, visit our video library