Automatic stabilization:
A) can be enacted by the executive branch without the involvement of the legislative branch.
B) occurs when downturns in economic activity result in higher government revenues and lower government expenditures.
C) results from changes in transfer payments and personal income tax payments that occur with changes in the level of employment.
D) all of the above.
Correct Answer:
Verified
Q72: Discretionary fiscal policy requires explicit action by:
A)
Q73: Each of the following is an example
Q74: If the economy were to slip into
Q75: If the economy were approaching full employment
Q76: Suppose that, without any legislative action, personal
Q78: The automatic stabilization process can be described
Q79: Automatic stabilization:
A) increases economic activity during recessions
Q80: The change in government payments for unemployment
Q81: The most likely effect of a law
Q82: Automatic stabilizers can be expected to:
A) correct
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