Why Did the Automatic Stabilizers Have More of an Effect

question 50

Multiple Choice

Why did the automatic stabilizers have more of an effect on our economy during the Eisenhower presidency than they did during the 1930s when Roosevelt was president?

• A) We had shifted from an agricultural economy to an industrial economy.
• B) We had learned more about controlling inflation and unemployment, so less adjustment was needed.
• C) As the classical economists predicted, inflation and unemployment had begun to balance each other out.
• D) The size of the federal government had increased dramatically since the 1930s.
• E) In reality, the opposite is true; the automatic stabilizers had a greater impact in the 1930s than in the 1950s.

Understand obsessive-compulsive disorder (OCD) and its manifestations.

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Definitions:

Predetermined Overhead Rate

An estimated overhead rate used to allocate manufacturing overhead costs to products, calculated before the start of a period.

Machine-Hours

A measure of production output or activity based on the total hours that machines are operating.

Direct Labor-Hours

The total hours worked by employees who are directly involved in the manufacturing process of a product.

Departmental Predetermined Rates

Specific predetermined overhead rates set for different departments within a company, allowing more accurate product costing.