A progressive income tax system is particularly effective as an automatic stabilizer because

Given C = 200 + 0.75YD, the multiplier is

Which of the following would result if the price level were below the equilibrium level?

Which of the following causes a movement along the investment demand curve?

Refer to Figure 11.3. Assume aggregate demand is represented by AD2 and full-employment output is $5.8 trillion. If aggregate demand decreases by the amount of the AD Excess, equilibrium will occur at

When the U.S. Treasury issues new bonds to replace bonds that have matured, it is engaging in

In Figure 8.5, according to Keynesians, if equilibrium real output is Q1 and full-employment real output is Q2, an appropriate fiscal policy lever would be to

External shocks include all of the following except

Which of the following will cause an increase in U.S. imports?

Ceteris paribus, if average prices in the U.S. economy fall, then the