During a contraction, ______ income tax revenues tend to automatically increase a ______or
Reduce a _________.
A) higher; budget deficit; budget surplus
B) higher; budget surplus; budget deficit
C) lower; budget deficit; budget surplus
D) lower; budget surplus; budget deficit
Correct Answer:
Verified
Q34: Which of the following is an automatic
Q41: Discretionary fiscal policy refers to
A) deliberate government
Q46: In general, personal income taxes
A) rise automatically
Q48: Which of the following describes a discretionary
Q51: During an expansion, which of the following
Q52: During an economic expansion, _ income tax
Q52: A transfer payment that rises automatically during
Q53: Which of the following describes a discretionary
Q57: Automatic stabilizers are considered
A)discretionary fiscal policies.
B)discretionary monetary
Q58: Suppose Congress increases the corporate profit tax
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