An example of automatic fiscal policy is
A) the unemployed automatically become eligible for unemployment benefits when they lose their jobs in a recession.
B) when interest rates automatically fall in a recession.
C) Congress passes a law during a recession that automatically extends unemployment benefits for those whose benefits will soon expire.
D) a and b
E) a, b and c
A
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In the figure above, point E could be obtained if
A) resources were shifted from education to health care. B) resources were used more efficiently. C) society's resources increased. D) resources were shifted from health care to education.
Which of the following is a correct way to measure productivity?
a. Divide the number of hours worked by the quantity of output. b. Divide the quantity of output by the number of hours worked. c. Determine how much output is produced in a given time. d. Determine how much time it takes to produce a unit of output.