Answered: 1.Which of the following is an example…

1.Which of the following is an example of an automatic stabilizer? The savings Unemployment benefits Autonomous public expenditure The multiplier effect

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1. Which of the following is an example of an
automatic stabilizer?
The savings
Unemployment benefits
Autonomous public expenditure
The multiplier effect

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10. In order to close an inflationary gap, the government needs to implement which of the following measures A. expansionary fiscal policy B. contractionary fiscal policy C. expansionary monetary policy D. contractionary monetary policy
Which of the following is true of the federal budget process in the U.S.? a. Detailed budgeting allows the party in power to reward supporters. b. Congress approves a budget that separates the capital budget and the operating budget. c. Most federal outlays are determined by existing laws. d. Congress must approve a budget with at least a two-thirds majority vote. e. The federal budget must be balanced each year because the volume of international trade reduces if the government has a surplus or a deficit.
8) Which of the following would not be considered an automatic stabilizer? A) legislation increasing funding for job retraining passed during a recession B) decreasing unemployment insurance payments due to decreased joblessness during an expansion C) rising income tax collections due to rising incomes during an expansion D) declining food stamp payments due to more persons finding jobs during an expansion
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1. Answer the following questions:(a) Plot the following price and quantity combinations: (1, 8), (4, 2), and (2, 6).(b) Is your graph more likely to be a demand curve or a supply curve? why?(c) Using the equation of a line, and P for price and Q for quantity, what is thealgebraic formula of this curve?
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