Author Question: A given change in either someone's income or net taxes would have a greater effect on their ... (Read 55 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
A given change in either someone's income or net taxes would have a greater effect on their consumption spending the greater their MPC.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A major benefit of automatic stabilizers is that they:
 a. guarantee a balanced budget over the course of the business cycle.
  b. have a tendency to reduce the national debt.
  c. help increase recessionary gaps in the economy.
  d. moderate the effect of fluctuations in the business cycle.
  e. require legislative review by Congress before they can be implemented.



Kdiggy

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

True

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

For a complete list of videos, visit our video library