To change the mandatory spending portion of the federal budget, Congress must change any relevant laws.
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Q160: Automatic stabilizers are initiated by acts of
Q161: The crowding-out effect can drive up interest
Q162: Which of these will result if the
Q163: When the economy is in equilibrium
A) GDP
Q164: Changes in taxes first cause changes in
Q166: The progressive income tax and transfer payments
Q167: An increase in taxes
A) removes money from
Q168: Suppose the economy is in a recession.
Q169: If an expansionary policy pushes output beyond
Q170: The fact that automatic stabilizers work without
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