Which of the following is not considered an automatic stabilizer?
a. Food stamp program for people with low incomes
b. Welfare program for families with dependent children
c. Medicaid, a health program for the poor
d. Financial assistance for disabled people
e. Unemployment programs that pay benefits to those who lose their jobs
D
Economics
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When aggregate planned expenditure exceeds real GDP,
a. firms increase production and real GDP increases. b. firms decrease production and real GDP increases. c. firms decrease production and real GDP decreases. d. firms increase production and real GDP decreases. e. firms do nothing because induced expenditure will increase so that the equilibrium is reached.
Economics
Describe the relationship between investment and the level of disposable income
Economics