Programs that automatically increase government spending (relative to revenue) during a recession and automatically decrease government spending (relative to revenue) during an economic boom are called:

a. discretionary fiscal policy.
b. supply-side programs.
c. automatic stabilizers.
d. tax credits.

c

Economics

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In the short run, a firm cannot change the amount of capital it uses. Therefore the cost of capital is a

A) short-run cost. B) variable cost. C) productivity cost. D) fixed cost. E) marginal cost.

Economics

The impact of immigration on an economy's steady state capital-labor ratio is reduced to the extent that the immigrants tend to ________ than the native population

A) save more B) have higher fertility C) have lower income D) be younger

Economics