Without automatic stabilizers
A. real GDP would fluctuate much more widely.
B. real GDP would not be affected.
C. the budget would be in balance during a time of recession.
D. the real GDP would fluctuate less widely.
A. real GDP would fluctuate much more widely.
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Patents have become less important than such factors as secrecy, lead time, and increased sales and service efforts as a means to maintain a competitive advantage in the pharmaceutical industry
Indicate whether the statement is true or false
The Fed's low short-term interest rate policy from 2002-2004, along with housing regulations promoting low down-payment loans to sub-prime borrowers, encouraged
a. conventional 30-year, fixed rate mortgages which have relatively high default and foreclosure rates. b. conventional 30-year, fixed rate mortgages which have relatively low default and foreclosure rates. c. adjustable rate mortgages which have relatively low default and foreclosure rates. d. adjustable rate mortgages which have relatively high default and foreclosure rates.