Macro Milestone 1.docx - 1 Which of the following will lead...

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1 Which of the following will lead to a surplus if implemented? Binding price ceiling Non-binding price ceiling Binding price floor Non-binding price floor CONCEPT
Surplus and Constraints 2 Which statement below regarding expansions is true? CONCEPT
Business Cycles - Expansionary/Recessionary (NBER) 3 Which statement below is NOT true regarding government intervention in the economy?
Unemployment insurance is an automatic economic stabilizer. Progressive income tax is a form of automatic stabilizer. CONCEPT Role of the Government/Government Spending/Transfer Payments 4 Which of the statements below is false?

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