Automatic stabilizers are defined as
A) actions taken by an act of Congress to stabilize the economy.
B) policy that has no multiplier effects.
C) policy that stabilizes without the need for action by the government.
D) discretionary policy taken to stabilize the economy.
E) actions taken by the President without Congressional consent to stabilize the economy.
C
Economics
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Economists point out that scarcity confronts
A) neither the poor nor the rich. B) the poor but not the rich. C) the rich but not the poor. D) both the poor and the rich.
Economics
If 20% increase in the price of a good leads to a 60% decrease in the quantity demanded, then what is the price elasticity of demand?
A. 1/3. B. 30. C. 3. D. 1/6.
Economics