Personal income taxes and transfer payments
A) acts as automatic stabilizers.
B) magnify fluctuations in GDP.
C) are discretionary fiscal policy tools only.
D) are influenced by monetary policy.
Correct Answer:
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Q35: Which of the following statements is true
Q36: If the federal budget is initially balanced
Q37: The sum of all past federal deficits
Q38: Suppose a country has a national debt
Q39: The use of government expenditures and taxes
Q41: Discretionary fiscal policy refers to
A) deliberate government
Q42: Changes in expenditures and taxes that occur
Q43: Contractionary fiscal policy includes
A) increasing taxes and
Q44: During a contraction,
A) higher income tax revenues
Q45: An expansionary fiscal policy
I. includes an increase
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