Which of the following are examples of automatic stabilizers? (Select all that apply.) A progressive income tax structure

SNAP (“food stamps”)

Yearly spending on education

Unemployment insurance

TANF (“welfare” aid to low-income individuals/families)

Pell grants (for low-income students)

Construction of the interstate highway system

A flat-rate income tax structure

Medicaid (in its current hybrid (partially private, partially public) system)

Congress creating a stricter immigration policy

Sales taxes

The Federal Reserve choosing to decrease the interest rate because the economy has contracted

The government choosing to bail out big banks after a recession hits

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

If a bond is issued at a premium the effective interest rate is most likely

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)