Automatic stabilizers will shift the government budget toward
a. a surplus during both expansions and contractions.
b. a deficit during both expansions and contractions.
c. a surplus during an expansion and a deficit during a contraction.
d. a surplus during a contraction and a deficit during an expansion.
C
Economics
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A per-unit government subsidy to producers of a good tends to
A) reduce the supply of the good. B) increase the supply of the good. C) shift the supply curve to the left. D) not have any effect on the good's supply.
Economics
A good will have a more elastic demand, the
a. greater the availability of close substitutes. b. more broad the definition of the market. c. shorter the period of time. d. more it is regarded as a necessity.
Economics