Property taxes are:
A) not an automatic stabilizer because they do not vary with income.
B) not an automatic stabilizer because they vary with income.
C) an automatic stabilizer because they do not vary with income.
D) an automatic stabilizer because they vary with income.
Correct Answer:
Verified
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
Q80: Automatic stabilizers cause:
A)deeper recessions and more rapid
Q81: As income increases during the recovery from
Q83: It is generally true that elected officials
Q84: Suppose the government never borrows, so that
Q85: If an economy is above potential output
Q86: If income increases, a budget deficit will:
A)tend
Q87: In contrast to the functional finance view,
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