"Automatic stabilizers" played a part in reducing the length and severity of the recession of 1953-54. This term refers to
A) deficit spending by the federal government.
B) spending on education by local and state governments.
C) programs like unemployment insurance and Social Security.
D) actions by the Federal Reserve aimed at reducing interest rates.
Correct Answer:
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Q2: The term "dirty float" is used to
Q3: Beginning in 1971, the Nixon administration enacted
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Q6: Stagflation is defined as
A) the simultaneous occurrence
Q7: The Bretton Woods system
A) allowed for market-determined
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Q10: Milton Friedman explained that increases in the
Q11: The Laffer curve expresses a relationship between
A)
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