Which of the following is the best example of an automatic stabilizer?
a. a balanced federal budget
b. the minimum wage
c. unemployment compensation program
d. discretionary fiscal policy
C
Economics
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An increase in U.S. prices relative to Japanese prices will
A) decrease both U.S. exports and imports. B) increase total planned spending on U.S. goods and services. C) increase U.S. imports and decrease U.S. exports. D) decrease U.S. imports and increase U.S. exports.
Economics
A decrease in money supply causes the real interest rate to ________ and the price level to ________ in general equilibrium
A) rise; rise B) remain unchanged; fall C) remain unchanged; rise D) fall; fall
Economics