A major advantage of built-in or automatic stabilizers is that they
a. guarantee the federal budget will be balanced over the course of the business cycle.
b. require no Congressional action to be effective.
c. automatically produce surpluses during recessions and deficits during inflation.
d. require discretionary actions on the part of Congress before they exert an impact on output and employment.
B
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Suppose the extra cost to a car wash of advertising one additional day each month on a local radio station is $175
Then, the car wash should advertize that one additional day each month if doing so brings in additional revenue of $175 or more each month. Indicate whether the statement is true or false
Regulation focused on the impact of production on the environment and society, the working conditions under which production occurs, or the physical attributes of goods, is known as
A) cost-of-service regulation. B) rate-of-return regulation. C) social regulation. D) monopoly regulation.