The fact that a single-price monopolist must lower its price to sell more output explains why price exceeds marginal revenue

What are the automatic stabilizers the United States has in place, and how do they function differently from discretionary fiscal policy?

What will be an ideal response?

Why wasn't the stimulus passed in 2009 effective in reducing unemployment during the recession of 2009-10?

A) Congress cut the size of the final package, it was skewed toward tax cuts, and it was only 25% of the amount needed to restore GDP to full employment. B) The administration mismanaged it—and it was much too large. C) Fiscal policy is ineffective in a liquidity trap. D) Tax cuts and interest rate cuts would have been effective, but they were politically undesirable.