FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements is correct ? Multiple Choice Built-in stability only partially offsets fluctuations in economic activity. Built-in stability works in halting inflation,

Which of the following statements iscorrect?

Multiple Choice

  • Built-in stability only partially offsets fluctuations in economic activity.
  • Built-in stability works in halting inflation, but it cannot alleviate unemployment.
  • Built-in stability can be relied on to eliminate completely any fluctuation in economic activity.
  • Built-in stability has eliminated the need for discretionary fiscal policy.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Theory and Applications with Calculus

Microeconomics Theory and Applications with Calculus

Authors: Jeffrey M. Perloff

3rd edition

133019934, 978-0133019933

More Books

Students also viewed these Economics questions

Question

★★★★★
Which parts of Exercise 7.3 dealt with conditional probabilities? In Exercise 7.3 Now suppose that because of the high level of ticket sales, an additional $250 second prize will also be awarded. a)...

Answered: 1 week ago

Question

★★★★★
Multiply or divide as indicated. 82.053 100

Answered: 1 week ago

Question

★★★★★
4. Obey all school rules. This reminds students that all school rules apply in your classroom. Then students cannot claim, for example, that they thought it was okay to chew gum or listen to music on...

Answered: 1 week ago

Question

★★★★★
Vulcra, Inc., has a semimonthly payroll of $67,000 on September 15. The total payroll is taxable under FICA Taxes-HI; $63,850 is taxable under FICA Taxes-OASDI; and $10,300 is taxable under FUTA and...

Answered: 1 week ago

Question

★★★★★
When preparing a presentation for management involving financial data, it is best to use calculations _since it is easier to explain Excel Outlook PowerPoint Word

Answered: 1 week ago

Question

★★★★★
A Treasury bond that matures in 10 years has a yield of 7%. A 10-year corporate bond has a yield of 10%. Assume that the liquidity premium on the corporate bond is 1%. What is the default risk...

Answered: 1 week ago

Question

★★★★★
we examined fact-finding on the Internet and how a lot of "facts" are actually not substantiated with evidence and essentially untrue! In this assignment we will examine the fact-checking websites:...

Answered: 1 week ago

Question

★★★★★
Trudel Department Store uses a periodic inventory system. The adjusted trial balance of Trudel Department Store at December 31, 2024, follows: TRUDEL DEPARTMENT STORE Adjusted Trial Balance December...

Answered: 1 week ago

Question

★★★★★
A firm repurchases 10 percent of its outstanding common stock. What is the effect of this treasury stock transaction? O The common stock shares will be permanently retired. O Its debt-to-total...

Answered: 1 week ago

Question

★★★★★
You're working with a data source that has all of its data on a single Excel worksheet and its structure has multiple sub-tables. Which is the best way to get this data ready for analysis

Answered: 1 week ago

Question

★★★★★
Nagy Corporation reported the following income statement in 20X1, along with a comparable income statement for 20X0, its first year of operations: Income Statement, 20X1 and 20X0 ($ in millions)...

Answered: 1 week ago

Question

★★★★★
A corporation, which had 2 7 , 6 0 0 shares of common stock outstanding, declared a 3 - for - 1 stock split. a . What will be the number of shares outstanding after the split? shares b . If the...

Answered: 1 week ago

Question

★★★★★
12. Think of a situation where you felt particularly powerless. It must be a real event that you remember relatively well. Try to think back. What was it you imagined just before you felt powerless...

Answered: 1 week ago

Question

★★★★★
13. Try to imagine how you would feel if you had tackled the problem, the con-flict, the challenge, etc., that made you powerless in task 12, for example upstairs, confident, confident, calm,...

Answered: 1 week ago

Question

★★★★★
15. Ask yourself the following questions: What do you want to remember from your everyday experiences? These are the experiences that fill most of your life. They may take 9099% of your time. What do...

Answered: 1 week ago

Previous Question Next Question