By 1975, government expenditures were about ______ of GDP.

Damage from which of the following is NOT covered in a basic homeowner's policy?

A) Fire and lightning B) Explosion C) Windstorm and hail D) Flood

The economy's self-correcting mechanism

a. prevents the economy from ever being in disequilibrium b. guides the economy to full employment in the long run c. maintains a steady long-run price level d. is a short-run adjustment process e. is controlled by the Fed