Taxes and government expenditures that, without need for additional government action, change in response to changes in the level of economic activity are examples of
A) built- in monetary stabilisers.
B) automatic fiscal policy.
C) cyclically balanced budgets.
D) discretionary fiscal variables.
Correct Answer:
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Q7: An increase in government expenditure shifts the
Q8: A budget surplus occurs when government
A)outlays exceed
Q9: A discretionary fiscal policy is a fiscal
Q10: A government that currently has a budget
Q11: In the short run, an increase in
Q13: Government transfer payments _ during expansions and
Q14: Using fiscal policy, to increase real GDP
Q15: If the government runs a surplus, the
Q16: Deliberate changes in government expenditures and taxes
Q17: Fiscal policy is the use of the
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