The equation Y = f(P - Pe) represents the

Guaranteed benefits under government programs such as Social Security or Medicare are called

A) controllable expenditures. B) entitlements. C) automatic stabilizers. D) discretionary spending.

What linkage do advocates of income inequality make between income distribution and economic growth? a. Income equality creates greater investment, which leads to lower rates of economic growth

b. Income inequality creates less saving and more consumption, which stimulate higher rates of economic growth. c. Income inequality creates greater investment, which leads to higher rates of economic growth. d. Income equality creates more saving and less consumption, which leads to lower rates of economic growth. e. Income equality creates more investment and less consumption, which leads to higher rates of economic growth.