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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 3
Key Concept: Automatic stabilizers
Automatic stabilizers "lean against the prevailing wind" of the business cycle because
A) wages are controlled by the minimum wage law.
B) federal expenditures and tax revenues change as the level of real GDP changes.
C) the spending and tax multipliers are constant.
D) they include the power of special interests.
Causation Chain Game
Automatic Stabilizers-Exhibit 7
Automatic stabilizers "lean against the prevailing wind" of the business cycle because
A) wages are controlled by the minimum wage law.
B) federal expenditures and tax revenues change as the level of real GDP changes.
C) the spending and tax multipliers are constant.
D) they include the power of special interests.
Causation Chain Game
Automatic Stabilizers-Exhibit 7
Explanation
Verified
Verified
Therefore, the correct answer ...
Economics for Today 9th Edition by Irvin Tucker
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