Automatic stabilizers refer to
A) the money supply and interest rates that automatically increase or decrease along with the business cycle.
B) government spending and taxes that automatically increase or decrease along with the business cycle.
C) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives.
D) changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives.
Answer: B
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Some sales managers are talking shop. Which of the following quotations refers to a movement along the demand curve?
A) "Since our competitors raised their prices our sales have doubled." B) "It has been an unusually mild winter; our sales of wool scarves are down from last year." C) "We decided to cut our prices, and the increase in our sales has been remarkable." D) none of the above
In reality international trade is determined solely by comparative advantage and the free market forces of supply and demand
a. True b. False Indicate whether the statement is true or false
Generally speaking, wealth starts out negative, turns positive, then approaches zero near the end of life.
Answer the following statement true (T) or false (F)
Which of the schedules represent(s) a regressive tax?
Answer the question on the basis of the following five schedules, all of which represent income tax schedules for an economy. All figures are in billions of dollars.
A. V only.
B. III and V.
C. IV only.
D. I only.