When an economy dips into recession, automatic stabilizers will:
a. enlarge the budget deficit (or reduce the surplus).
b. reduce the budget deficit (or increase the surplus).
c. ensure that the budget remains in balance.
d. expand the supply of money and, thereby, stimulate aggregate demand.
a
Economics
You might also like to view...
The total cost (TC) of producing computer software diskettes (Q) is given as: TC = 200 + 5Q. What is the fixed cost?
A) 200 B) 5Q C) 5 D) 5 + (200/Q) E) none of the above
Economics
Julia can fix a meal in 1 hour, and her opportunity cost of one hour is $50 . Jacque can fix the same kind of meal in 2 hours, and his opportunity cost of one hour is $20 . Will both Julia and Jacque be better off if she pays him $45 per meal to fix her meals? Explain
Economics