If the market power of a labor union enables it to offset the market power of an oligopolistic firm, this is called

Which of the following is an advantage of automatic stabilizers?

A) The lag for automatic stabilizers is relatively long. B) It is much easier to measure the impact of automatic stabilizers compared to the impact of discretionary fiscal policy. C) There is no administrative cost to implementing automatic stabilizers. D) Because they affect disposable personal income directly, automatic stabilizers act swiftly to reduce the degree of changes in real GDP.

A government can increase long-run economic growth by

a. discouraging saving. b. encouraging education and training of labor. c. increasing the taxation of capital. d. imposing restrictions on international trade. e. all of the above