Over the last hundred years,
A) movements in output due to recessions and recoveries dominate the movement caused by long-run growth.
B) output has decreased in as many years as it has increased.
C) U.S. output has approximately doubled.
D) all of the above
E) none of the above
E
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Automatic stabilizers are defined as
A) actions taken by an act of Congress to stabilize the economy. B) policy that has no multiplier effects. C) policy that stabilizes without the need for action by the government. D) discretionary policy taken to stabilize the economy. E) actions taken by the President without Congressional consent to stabilize the economy.
Which statement is true?
A. Foreigners are holding over $1 trillion in U.S. currency (which they have not invested in the U.S.). B. If foreigners keep buying U.S. assets, we will run out of things to sell before the year 2025. C. Within 10 years the United States will probably go bankrupt. D. None of these statements are true.