Automatic fiscal policy is at work if, as real GDP increases, .
A) tax revenues increase and transfer payments decrease
B) transfer payments increase and tax revenues decrease
C) tax revenues decrease and interest rates increase
D) transfer payments decrease and interest rates decrease
Correct Answer:
Verified
Q5: Fiscal policy includes
A) only decisions related to
Q45: Q46: Which of the following is a limitation Q47: In 2011, the government of Happy Isle Q48: Suppose a country has been running a Q49: Rank the following Commonwealth government outlays from Q52: During the Reagan administration in the 1980s, Q53: Taking account of the supply-side effects, a Q54: An increase in tax rates as a Q55: The difference between the before- tax and![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents