The government has the ability to influence the level of output in the short run using monetary and fiscal policy. there is some disagreement as to whether the government should attempt to stabilize the economy. which of the following are arguments in favor of active stabilization policy by the government? check all that apply. the current tax system acts as an automatic stabilizer. changes in government purchases and taxation must be passed by both houses of congress and signed by the president. the fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates. shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses. which of the following are examples of automatic stabilizers? check all that apply. unemployment insurance benefits personal income taxes the federal funds rate

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)