Any adult who does not have a job is counted as unemployed.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Automatic stabilizers create ________ during recessions from increased government spending on welfare and unemployment insurance, and reduced tax revenues, and create _________ during peak growth periods of the economy from reduced government welfare spending and increased tax revenues.
a. fiscal stimulus, fiscal contraction
b. fiscal stimulus, fiscal stimulus
c. fiscal contraction, fiscal stimulus
d. fiscal contraction, fiscal contraction
