Built-in stability refers to the fact that net tax revenues vary inversely with the level of GDP.
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Q2: The actual and full-employment budgets will be
Q3: A contractionary fiscal policy shifts the aggregate
Q4: An increase in taxes would be an
Q5: The greater the progressiveness of the tax
Q7: The full-employment budget measures what the Federal
Q8: If taxation becomes more progressive, the built-in
Q9: The key to assessing whether fiscal policy
Q10: Automatic stabilizers will reduce tax revenues during
Q11: The key to assessing the direction of
Q168: Tax revenues automatically increase during economic expansions
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