Conducting fiscal policy so that G = T + β (u - u ) , where G is government expenditures, T is n
Tax revenue, u is the unemployment rate, u
N
Is the natural rate of unemployment, and β is a
Positive number, is an example of a(n) :
A) active rule. passive
B) rule. discretionary
C) policy. automatic
D) stabilizer.
Correct Answer:
Verified
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