Automatic stabilizers increase the problems that lags cause in using fiscal policy as a stabilization tool. are changes in taxes or government spending that increase aggregate demand without requiring policymakers to act when the economy goes into recession. are changes in taxes or government spending that policymakers agree to when the economy goes into recession. are part of discretionary fiscal policy.

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm

The quinoa seed is in high demand in wealthier countries such as the u. s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.