The automatic budget surpluses and budget deficits that occur in the federal budget over the business cycle
A) destabilize the economy.
B) stabilize the economy.
C) decrease potential GDP.
D) increase potential GDP.
Answer: B
Economics
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The price elasticity of demand equals magnitude of the
A) change in the price divided by the change in quantity demanded. B) change in the quantity demanded divided by the change in price. C) percentage change in the price divided by the percentage change in the quantity demanded. D) percentage change in the quantity demanded divided by the percentage change in the price.
Economics
If the law of increasing opportunity cost holds, can the production possibility frontier be a straight line?
What will be an ideal response?
Economics