Question
1, changes in taxes and spending that happen without actions by the government are called Group of answer choices discretionary fiscal policy changes. transfer payments.
1, changes in taxes and spending that happen without actions by the government are called
Group of answer choices
discretionary fiscal policy changes.
transfer payments.
automatic stabilizers.
autonomous fiscal expenditures.
2. The unemployment rate
Group of answer choices
falls during recessions, rises during expansions, and is always above zero.
falls during recessions, rises during expansions, and can fall below zero.
rises during recessions, falls during expansions, and is always above zero.
rises during recessions, falls during expansions, and can fall below zero.
3. When calculating GDP, does it matter whether a U.S. citizen or a Canadian citizen buys a pair of jeans in a store in NYC?
Group of answer choices
Yes, if the Canadian citizen buys the jeans with Canadian money, then the jeans would be counted in Canada's GDP.
Yes, it matters because U.S. GDP includes only purchases made by U.S. consumers and not by foreign consumers.
No, what matters is that Canadian consumers prefer U.S. jeans to Canadian jeans.
No, what matters is that production of the jeans took place in the United States.
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