Which of the following is an example of an automatic stabilizer?
A) Congress increases the tax rate during an expansion.
B) Congress authorizes spending increases during a recession.
C) More unemployment benefits are paid during a recession.
D) Welfare payments decrease during a recession.
C
Economics
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A production possibilities curve that is a straight line represents the case of
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What are the benefits and costs to a nation that participates in international trade? Do the benefits outweigh the costs or do the costs outweigh the benefits?
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