Automatic stabilizers cause:
A) deeper recessions and more rapid expansions.
B) deeper recessions and slower expansions.
C) shallower recessions and slower expansions.
D) shallower recessions and more rapid expansions.
Correct Answer:
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Q75: Procyclical fiscal policies:
A)reduce cyclical fluctuations in the
Q76: An example of a procyclical fiscal policy
Q77: In terms of fiscal policy, which of
Q78: If output is falling, a procyclical fiscal
Q79: As the economy expands, tax revenues:
A)fall and
Q81: As income increases during the recovery from
Q82: Property taxes are:
A)not an automatic stabilizer because
Q83: It is generally true that elected officials
Q84: Suppose the government never borrows, so that
Q85: If an economy is above potential output
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