Without a change in discretionary fiscal policy, we would expect that if the economy goes into recession, then the:

A. Cyclically-adjusted deficit and the actual deficit would both increase

B. Cyclically-adjusted deficit and the actual deficit would both decrease

C. Cyclically-adjusted deficit would stay the same while the actual deficit would increase

D. Cyclically-adjusted deficit would increase while the actual deficit would stay the same

A. Cyclically-adjusted deficit and the actual deficit would both increase

Economics

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In the market for oranges, availability of substitutes limits a single seller's power over price

Indicate whether the statement is true or false

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What effect do unions have on the labor market?

a. higher wages and fewer workers b. higher wages and more workers c. lower wages and fewer workers d. lower wages and more workers

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