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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 45
Circle the letter that corresponds to the best answer. A major advantage of the automatic stabilizers is that they ______.
A) simultaneously stabilize the economy and tend to reduce the size of the public debt
B) guarantee that the federal budget will be balanced over the course of the business cycle
C) automatically produce surpluses during recessions and deficits during inflations
D) require no legislative action by Congress to be made effective
A) simultaneously stabilize the economy and tend to reduce the size of the public debt
B) guarantee that the federal budget will be balanced over the course of the business cycle
C) automatically produce surpluses during recessions and deficits during inflations
D) require no legislative action by Congress to be made effective
Explanation
Verified
Verified
When economy goes into recession, then, ...
Macroeconomics 11th Edition by Stephen Slavin
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