Automatic fiscal stabilizers
a. keep the federal budget balanced.
b. keep the federal high employment budget balanced.
c. help to reduce the severity of recessions and inflationary boom periods.
d. increase structural deficits over the business cycle.
e. both c and d.
C
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A rational choice is ___________
A. the best thing you must forgo to get something B. what you are willing to forgo to get something C. made by comparing marginal benefit and marginal cost D. the best for society
In a partnership, debts accumulated by one partner are
A) the responsibility of that partner only. B) the responsibility of that partner plus any partners who are actively involved in running the partnership. C) the responsibility of all of the other partners for the full amount of the debt. D) the responsibility of all of the other partners, up to the total value of the firm.