In Figure 5-1 above, the impact of automatic stabilization is depicted by the movement from
A) A to F.
B) A to B.
C) A to C.
D) D to A.
B
Economics
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According to Adam Smith's invisible hand doctrine:
a. self-interest best serves the interests of society. b. laissez faire must be improved by government intervention. c. producers should serve the best interests of society. d. only laissez faire mercantilism best serves the interests of society.
Economics
Why assume that firms maximize profit, when it is easy to find companies that pursue other goals such as saving rain forests (Ben and Jerry’s) and sponsoring Mister Rogers (Sears)?
What will be an ideal response?
Economics