A period of stagflation can be considered as part of the normal aftermath of a
a. decrease in aggregate demand.
b. period of high unemployment.
c. period of low unemployment.
d. period of inward shifting aggregate demand.
c
Economics
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Which of the following is an example of an automatic stabilizer?
a. Decrease in tax rates by Congress in times of unemployment b. Decrease in tax rates by Congress in times of inflation c. Increase in government defense spending during war d. Increase in unemployment compensation during recession e. Decrease in welfare programs during inflation
Economics
A market-day supply curve is
a. horizontal, summing individual supply curves b. vertical c. downward sloping d. upward sloping e. dependent on the market-day demand
Economics