Government transfer paymentsare called "automatic stabilizers" because:
a. Government transfer paymentsare automatically countercyclical.
b. Government transfer paymentsare automatically procyclical.
c. Government transfer paymentsis automatically acyclical.
d. None of the above.
.A
Economics
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"Marginal cost is the increase in total cost that results from a one-unit increase in a variable input." True or false? Explain
Indicate whether the statement is true or false
Economics
In 1998 the Russian government defaulted on its bonds. According to the open-economy macroeconomic model, this should have
a. increased Russian interest rates and net exports. b. reduced Russian interest rates and net exports. c. increased Russian interest rates and reduced Russian net exports. d. reduced Russian interest rates and increased Russian net exports.
Economics