Recessions
a. almost never occur in the American economy.
b. follow a regular and predictable cycle.
c. are common features of the American economy.
d. have been abolished by wise macroeconomic policy.
c
Economics
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Economics does not study correct or incorrect behaviors but rather it assumes that economic agents behave ________, meaning they make the best decisions given their knowledge of the costs and benefits
A) emotionally B) equitably C) selfishly D) rationally
Economics
An example of an automatic stabilizer is
A) unemployment compensation. B) a newly enacted surtax to slow down an overheated economy. C) a horizontal aggregate supply curve. D) a change in the marginal tax rates.
Economics