Econ

Question |reference | |

|1. As the US economy enters a recession, government outlays will automatically _____ and government revenue |automatic |

|will automatically _____. |stabilizers |

|a. Increase, decrease | |

|b. Decrease, increase | |

|c. Increase, increase | |

|d. Decrease, decrease | |

|e. Remain constant, remain constant | |

|2. Which of the following is TRUE of financial intermediaries? |banks |

|a. they were illegalized by the Clayton Act | |

|b. they reduce aggregate investment | |

|c. they are essential to the formation of cartels | |

|d. they borrow at the prime rate | |

|e. they receive interest as profit | |

|3. Barter is ineffective because it requires a(n) |barter |

|a. physical marketplace |...