Because of automatic stabilizers, _____.
a. fiscal policy focuses on maintaining an annually balanced budget
b. planning discretionary fiscal measures to reduce economic fluctuations is easy
c. government budget deficits are zero if averaged out over the entire business cycle
d. policy makers should be concerned less with balancing the budget annually
e. government budget deficits are smaller during expansions and larger during contractions
Question 2
Which of the following statements is true of unemployment?
a. Cyclical unemployment decreases during recessions and increases during expansions.
b. Some unemployment exists even when the economy is healthy and growing.
c. Unemployment and inflation are not related.
d. People who are willing and able to work but have given up the search for a job are considered unemployed.
e. Voluntary unemployment refers to a situation in which people who really do not want to work only pretend to look for jobs.
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Maintaining Physiological Balance
The expected value for a binomial probability distribution is _____.
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Types of policy
No payments were made on a $2,598 loan during its three-year term. What was the annually ...