In a free-market system, the amount of output that any one household gets depends on its

During normal times, discretionary fiscal policy

A) is probably not very effective in influencing real GDP due to time lags. B) is more effective in influencing real GDP than automatic stabilizers. C) works well because there are no lag problems in influencing real GDP. D) is more effective in influencing real GDP than at times of a recession.

The Navigation Acts (1651 and later amendments) were intended to promote shipping and international commerce

Indicate whether the statement is true or false