Amajor advantage of the built-in or automatic stabilizers is that they question 35 options: a) simultaneously stabilize the economy and reduce the absolute size of the public debt. b) guarantee that the federal budget will be balanced over the course of the business cycle. c) automatically produce surpluses during recessions and deficits during inflations. d) require no legislative action by congress to be made effective.

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?

Suppose that, on the basis of a nation’s production possibilities curve, an economy must sacrifice 10,000 pizzas domestically to get the 1 additional industrial robot it desires but that it can get the robot from another country in exchange for 9,000 pizzas. now consider the following statement: “through international specialization and trade, a nation can reduce its opportunity cost of obtaining goods and thus ‘move outside its production possibilities curve.’”