The Effectiveness of Automatic Stabilizers Is Limited by the Fact

question 325

Multiple Choice

The effectiveness of automatic stabilizers is limited by the fact that

• A)Congress usually acts slowly in legislating changes in tax rates.
• B)The stabilizers tend to raise the average price level regardless of the phase of the business cycle.
• C)The offset that the stabilizers provide to a change in private spending is less than the change in private spending.
• D)Transfer payments and subsidies increase during inflation and decrease during recessions.
• E)The stabilizers produce budget surpluses during recessions.

Analyze the effects of cost behavior on decision making.

Understand the concept of telecommuting and its advantages for both employees and organizations.

Identify different types of nontraditional work schedules and their characteristics.

Distinguish between freeloader, free agent, freelancer, telecommuter, and job sharer roles.

---

Definitions:

Narcissistic People

Individuals with an inflated sense of their own importance, a deep need for excessive attention and admiration, coupled with a lack of empathy for others.

Task-Oriented Behavior

Focuses on completing assigned tasks or objectives in an efficient and timely manner, often prioritizing work over social interactions.

Directive Style

A leadership approach characterized by clear, authoritative instructions and close supervision of tasks.

Participative Style

A leadership approach that involves all members of a team or organization in identifying essential goals and developing strategies for reaching those goals.