The role of the progressive tax system as an autonomous fiscal stabilizer requires that the budget
A) should require actual deficits be equal to zero on average.
B) should go into a surplus at appropriate points in the business cycle.
C) cannot have a structural deficit component.
D) Both a and b
E) None of the above
Correct Answer:
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Q2: If the tax function is given by
Q3: According to the Keynesians,
A)an easy-fiscal tight-monetary policy
Q4: How do automatic fiscal stabilizers function? What
Q5: According to the Keynesian model,the optimal fiscal
Q6: In the simple Keynesian model,if the tax
Q8: Cite the difference between a "political business
Q9: Which of the following are the most
Q10: Assume that the actual deficit is $150
Q11: When automatic fiscal stabilizers are in place,a
Q12: Advocates of the public-choice view argue that
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