An automatic stabilizer is a feature of the economy that
a. makes prices "sticky."
b. reduces its sensitivity to shocks.
c. maximizes its volatility.
d. automatically reduces recessionary trends.
b
Economics
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How might the discount rate used in project appraisal be adjusted to account for environmental concerns? Is there a better way to address these concerns?
What will be an ideal response?
Economics
Blanca has her choice of either a certain income of $20,000 or a gamble with a 0.5 probability of $10,000 and a 0.5 probability of $30,000. The expected value of the gamble:
A) is less than $20,000. B) is $20,000. C) is greater than $20,000. D) cannot be determined with the information provided.
Economics