An example of an automatic stabilizer is
a. unemployment benefits.
b. a lowering of interest rates by the Fed.
c. a decrease in money demand.
d. a decrease in tax rates in response to a recession.
a
Economics
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Deadweight losses are the only potential cost associated with tariffs, which is why they are preferred to quotas
Indicate whether the statement is true or false
Economics
Unlike the Classical economists, Keynes believed that money could affect real economic activity through its effects on
A) the price level. B) the interest rate. C) savings. D) velocity.
Economics