The automatic stabilizers are:
a. Powerful engines that can move nations closer to full employment and price stability.
b. Most beneficial to nations that are far away from their ideal economic position.
c. Most beneficial to nations that are close to the ideal economic position.
d. Very beneficial to nations regardless of whether they are far above or far below full employment.
.C
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If Eddie can produce 40 milk shakes or 20 banana splits in an hour, and Tina can produce 30 milk shakes or 16 banana splits in an hour, then Tina has a comparative advantage in producing milk shakes
Indicate whether the statement is true or false
During the Great Depression, real interest rates
A) rose to unprecedentedly high levels. B) rose only slightly above the long-run trend. C) fell to unprecedentedly low levels. D) fell only slightly below the long-run trend.