When faced with an economic loss, a competitive firm will shut down its operations in the short run
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Automatic stabilizers reduce fluctuations in GDP by
a. eliminating spending shocks b. increasing the amount of spending each year c. reducing the additional spending that occurs in each round of the multiplier d. increasing saving e. reducing the need for government involvement in the economy
Economics
Describe the characteristics of fiscal policy from 2000 to 2007. Was it expansionary or contraction?
What will be an ideal response?
Economics