5. Other things the same, automatic stabilizers tend to (A) raise expenditures during expansions and recessions. (B) lower expenditures during expansions and recessions. (C) raise expenditures during recessions and lower expenditures during expansions. (D) raise expenditures during expansions and lower expenditures during recessions.

6. Suppose the economy is in long-run equilibrium. If there is a sharp decline in the stock market combined with a significant increase in immigration of skilled workers, then in the short run, (A) real GDP will rise and the price level might rise, fall, or stay the same. In the long-run, real GDP will rise and the price level might rise, fall, or stay the same. (B) the price level will fall, and real GDP might rise, fall, or stay the same. In the long-run, real GDP and the price level will be unaffected. (C) the price level will rise, and real GDP might rise, fall, or stay the same. In the long run, real GDP will rise and the price level will fall. (D) the price level will fall, and real GDP might rise, fall, or stay the same. In the long run, real GDP will rise and the price level will fall.

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