Automatic stabilizers Study guides, Class notes & Summaries

Fiscal Policy Correct Answer Action by Congress to stabilize the economy Monetary Policy Correct Answer Actions by the Federal Reserve Bank to stabilize the economy Autonomous Consumption Correct Answer When consumers spend a certain amount of money, no matter what, regardless of their income Disposable Income Correct Answer Income after taxes Discretionary Fiscal Policy Correct Answer Non-mandatory changes in taxation, spending, or other fiscal activities by a government in response...

AP Macroeconomics Exam Review Questions with correct answers 2023 M1 equals all of the following EXCEPT: A. Cash + checking accounts B. Currency + checking accounts C. Demand deposits + checking accounts D. Currency + demand deposits E. Cash + demand deposits - C. Demand deposits + checking accounts If there's a recession, A. government spending goes up and taxes are cut automatically because of automatic stabilizers without the need for legislation passed by congress B. built in ...

5 C's - ANSWERSCompassion, Caution, Confidence, Creativity, and Clarity Three Nervous Systems - ANSWERSSomatic, Automatic, and Enteric Muscle that flexes hip? - ANSWERSIliopsoas Three functions of Transverse Abdominals - ANSWERSCompression, Stability, and Forced Expiration First two things to fire or scoop - ANSWERSMultifidus and Transverse Abdominal Pelvic Floor How we learn - ANSWERSCognitive: mental realm, Affective: what is felt, Motor: kinesthetic physical execution Circu...

ECO 2013 Final Exam - Questions and Answers In computing GDP, market prices are used to value final goods and services because a. market prices reflect the values of goods and services to the buyer. b. market prices do not change much over time, so it is easy to make comparisons between years. c. if market prices are out of line with how people value goods, the government sets price ceilings and price floors. d. None of the above is correct; market prices are not used in computing GDP. Economi...

liquidity preference - Keynes's theory that the interest rate adjusts to bring money supply and money demand into balance monetary policy - either in terms of the money supply or in terms of the interest rate fiscal policy - the setting of the level of government spending and taxation by government policymakers multiplier effect - the additional shifts in aggregate demand that result when expansionary fiscal policy increases income and thereby increases consumer spending crowding-ou...

Absolute Advantage The economic advantage one nation enjoys that is absolutely superior to other nations. Accounting Profit Total revenue minus total explicit cost Acquisition a wholly owned subsidiary is created through direct foreign investment. Administrative Policy Bureaucratic rules that make it harder to import foreign goods. Agglomeration Clustering of economic activities in certain locations. Beyond geographic advantages, location-specific advantages also arise f...

WGU C211 Global Economics Final Exam ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized by some support from top managers, who may increasing...

Williams AP Macroeconomics Exam Latest 2023 Positive Economics - the analysis of facts or data to establish scientific generalizations about economic behavior Normative Economics - Beliefs, or value judgements about what ought to be. Normative statements cannot be true or false; they can only be assessed relative to beliefs and value judgements. Microeconomics - the study of how households and firms make decisions and how they interact in markets Macroeconomics - the study of economy-w...

ALL IB Economics SL Terms Absolute poverty - ANS-The inability of an individual or a family to afford a basic standard of goods and services, where the standard is absolute and unchanging over time. Absolute poverty is defined in relation to a nationally or internationally determined 'poverty line', which determines the minimum income that can sustain a family in terms of its basic needs. Actual output - ANS-The quantity of output actually produced by an economy. Ad Valorem Taxes - ...

TEST BANK Psychiatric Mental Health Nursing 8th edition by Shelia Videbeck TEST BANK Psychiatric-Mental Health Nursing 8th edition by VIDEBECK Table of contents UNIT 1 Current Theories and Practice • 1. Foundations of Psychiatric–Mental Health Nursing • 2. Neurobiologic Theories and Psychopharmacology • 3. Psychosocial Theories and Therapy • 4. Treatment Settings and Therapeutic Programs UNIT 2 Building the Nurse–Client Relationship • 5. Therapeutic Relationships • 6....