Automatic stabilizers include
A) changes in induced taxes and changes in needs-tested spending.
B) increases or decreases of tax rates and changes in needs-tested spending.
C) changes in induced taxes and changes in discretionary spending.
D) changes in discretionary spending and changes in needs-tested spending.
E) changes in the federal funds interest rate brought about by Fed policy.
A
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In explaining the evolution of money
A) government regulation is the most important factor. B) commodity money, because it is valued more highly, tends to drive out paper money. C) new forms of money evolve to lower transaction costs. D) paper money is always backed by gold and therefore more desirable than checks.
Who can create valuable output out of idle property?
(a) labor (b) entrepreneurs (c) tenants making rental improvements (d) all of the above
One of the most controversial public policy issues in recent decades is the size and growth of the U.S. budget deficit and public debt. Discuss where we are, compared to other countries, and how we got here
When the economy enters a recession, automatic stabilizers create:
A. higher taxes. B. more discretionary spending. C. budget deficits. D. budget surpluses.