Which statement is true about automatic stabilizers?
A) They have eliminated the business cycle.
B) They have helped smooth out the business cycle.
C) They have been completely ineffective.
D) None of the statements are true of automatic stabilizers.
Correct Answer:
Verified
Q1: In the late 1970s and early 1980s
Q2: Which statement is true?
A)On occasion we have
Q3: Statement I: If equilibrium GDP is $6
Q5: To close a recessionary gap we should
A)raise
Q6: When there is a recession,the biggest percentage
Q7: If equilibrium GDP is $1 trillion greater
Q8: Statement I: The federal budget deficit more
Q9: Most economists would agree that the national
Q10: If full employment GDP is $1 trillion
Q11: Budget deficits are appropriate during
A)recessions,but not inflations.
B)inflations,but
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