Which of the following is an automatic stabilizer that moves the federal budget toward deficit during an economic contraction and toward surplus during an economic expansion?
A. Congress votes for a federal investment in infrastructure.
B. corporate subsidies for green energy investments
C. unemployment benefits
D. a stimulus package that reduces personal income taxes
Answer: C
Economics
You might also like to view...
When network externalities are present:
A. a person's demand cannot be affected by the number of other people who have purchased the good. B. we can obtain the market demand curve simply by summing individuals' demands. C. one person's demand also depends on the demands of other people. D. the social cost of production is larger than the private cost
Economics
How do competitive firms try to achieve market power? What is one way they try to accomplish this?
What will be an ideal response?
Economics