A law requiring the government to balance its budget in each year would serve as an automatic destabilizer

Refer to Scenario 17.5. If a fixed wage of $3000 is given the individual worker, the result will be

A) low effort 75% of the time. B) low effort 25% of the time. C) low effort. D) high effort. E) high or low effort depending on whether the worker thinks the $3000 is an acceptable wage.

In some respects, the U.S. has fallen behind other nations

a. True b. False Indicate whether the statement is true or false