Many government programs, such as unemployment compensation, operate on a deficit during recessions and a surplus during periods of economic expansion. The programs are referred to as
A) discretionary fiscal policy.
B) automatic stabilizers.
C) Ricardian equivalence.
D) Recognition time lag.
Answer: B) automatic stabilizers.
Economics
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To sell one more unit of a good, a monopolist must
A) lower the price on the last unit only. B) lower the price on all units. C) raise the price only on the last unit sold. D) raise the prices on all goods.
Economics
Factor markets are also referred to as ______ markets.
a. commodity b. product c. outside d. input
Economics