When the economy enters a prosperity phase, unemployment benefits:
A) fall and so disposable income and spending fall more slowly than real GDP.
B) fall and so disposable income and spending do not rise as rapidly as real GDP.
C) rise and so disposable income and spending do not rise as rapidly as real GDP.
D) rise and so disposable income and spending fall more slowly than real GDP.
Correct Answer:
Verified
Q22: Unemployment benefits are an example of a/an:
A)
Q23: Unemployment benefits act as automatic stabilisers by:
A)
Q25: Automatic stabilisers tend to stabilise the level
Q26: Assume Parliament enacts a $10 billion decrease
Q28: Which of the following is not an
Q29: Automatic stabilisers are:
A) state expenditures and revenues.
B)
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