-Refer to the above figure. As the real national income expands from Y2 to Y3,
A) a budget surplus occurs.
B) a budget deficit occurs.
C) tax revenues fall.
D) government transfers rise.
Correct Answer:
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Q209: Provisions that cause changes in government spending
Q210: When fiscal policy is used, time lags
Q211: The existence of automatic stabilizers will
A) reduce
Q212: Unemployment compensation programs are called automatic stabilizers
Q213: One characteristic of automatic stabilizers is that
A)
Q215: When it takes time for the president
Q216: Which of the following is an example
Q217: Fiscal policy time lags tend to be
A)
Q218: An advantage of automatic stabilizers over discretionary
Q219: When real Gross Domestic Product (GDP) falls,
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