Tax revenues
A) are autonomous.
B) are independent of real GDP.
C) vary with real GDP.
D) are fixed over time.
Correct Answer:
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Q128: A fall in income that results in
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Q130: Automatic fiscal policy is at work if,
Q131: During an expansion, tax revenues _, while
Q132: Tax revenues _ during recessions and _
Q134: An example of automatic fiscal policy is
Q135: Unemployment insurance are payments made to unemployed
Q136: During an expansion, tax revenues _ and
Q137: If the economy falls into a recession,
Q138: Government transfer payments _ during expansions and
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