Automatic stabilizers are designed to
A) moderate changes in disposable income. B) stabilize the bi-partisan budget process.
C) simplify the tax system. D) promote global trade.
A
Economics
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A decrease in demand, with no change in supply, will lead to ________ in equilibrium quantity and ________ in equilibrium price.
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
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Inflation tends to ________ during the expansion phase of the business cycle and ________ during the recession phase of the business cycle
A) decrease; decrease further B) increase; increase further C) increase; decrease D) decrease; increase
Economics