Which of the following components of government spending and revenue serves as an automatic stabilizer?
a. the wealth effect
b. the multiplier
c. unemployment insurance
d. military spending
e. property taxes
C
Economics
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Aggregate demand is the total demand for intermediate goods and services in an entire economy
Indicate whether the statement is true or false
Economics
Using the Keynesian model, the effect of a government-imposed ceiling on interest rates paid on personal checking accounts that is lower than the current market interest rate would be to cause ________ in the real interest rate and ________ in output
in the short run. A) a decrease; a decrease B) a decrease; no change C) a decrease; an increase D) an increase; a decrease
Economics