"Automatic stabilizers" played a part in reducing the length and severity of the recession of 1953-54 . Which of the following is an example of an "automatic stabilizer"?
a. Deficit spending by the federal government
b. Spending on education by local and state governments
c. Programs like unemployment insurance and Social Security
d. Actions by the Federal Reserve aimed at reducing interest rates
c. programs like unemployment insurance and Social Security
Economics
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Which of the following does not hinder economic development?
a. Low birth rates. b. Low GDP that limits saving and investment. c. Lack of knowledge. d. Lack of technology. e. Lack of physical capital.
Economics
A quota represents
A) A combination of ad valorem and specific tariffs. B) A quantitative restriction on the amount of good that may be imported. C) A compromise between taxpayers and consumers. D) None of the above.
Economics