Automatic fiscal stabilizers the impact of demand or supply shocks on the economy since government's net tax revenues during booms and during recessions.
A) dampen; decrease; increase
B) magnify; decrease; increase
C) magnify; increase; decrease
D) dampen; increase; decrease
E) does not affect; are constant; are constant
Correct Answer:
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Q7: In the long run in the AD/AS
Q8: If the economy is experiencing an inflationary
Q9: Consider the basic AD/AS macro model in
Q10: Consider the AD/AS model, and suppose that
Q11: An inflationary output gap is characterized by
A)constant
Q13: Consider the AD/AS model. Since output in
Q14: If the economy in the short run
Q15: As the macro economy adjusts from the
Q16: If the short- run macroeconomic equilibrium occurs
Q17: Suppose the economy is in macroeconomic equilibrium
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