Because of automatic stabilizers, in recessions the government budget deficit ________, while in expansions the deficit ________

A) falls; rises
B) falls; falls
C) rises; falls
D) rises; rises

C

Economics

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When various firms fail because their output is not demanded by society, workers may suffer

a. structural unemployment. b. frictional unemployment. c. seasonal unemployment. d. cyclical unemployment.

Economics

Compared to those with higher incomes, low-income families are more likely to

a. be headed by a person between 35 and 55 years of age. b. have both a husband and a wife in the labor force. c. be single-parent families. d. be headed by a college graduate.

Economics