Which of the following is an automatic stabilizer?
I. inheritance taxes
II. government payments to war veterans
III. aid to families with dependent children
IV. sales taxes
A) I, II, III, and IV
B) I, II, and III only
C) II and III only
D) III only
Correct Answer:
Verified
Q25: All of the following are examples of
Q40: Personal income taxes and transfer payments
A) acts
Q41: Discretionary fiscal policy refers to
A) deliberate government
Q43: During an expansion, which of the following
Q46: In general, personal income taxes
A) rise automatically
Q47: Automatic stabilizers are considered
A) discretionary fiscal policies.
B)
Q50: In 2003, Congress passed a substantial cut
Q54: Which of the following is an advantage
Q55: During an economic expansion,
A) higher income tax
Q58: Suppose Congress increases the corporate profit tax
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