When the economy heads into a recession, automatic stabilizers cause
A. taxes and government spending to rise.
B. the government budget deficit to increase.
C. taxes and government spending to fall.
D. national income to increase.
B. the government budget deficit to increase.
Economics
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Suppose the point (Q = 3,400, P = $20) is the midpoint on a certain downward-sloping, linear demand curve. Then
a. a decrease in price from $18 to $16 will increase total revenue. b. a decrease in price from $24 to $22 will decrease total revenue. c. a decrease in the price from $21 to $19 will decrease total revenue. d. the maximum value of total revenue is $68,000.
Economics
What interest rate has been the focus of monetary policy?
What will be an ideal response?
Economics