An illustration of the term "automatic stabilizer" is provided by
A) The tendency of tax collections to rise as the economy moves into a recession.
B) The tendency of tax collections to fall as the economy moves into a recession.
C) Increases in tax rates as the economy moves into a recession.
D) Decreases in tax rates as the economy moves into a recession.
E) Public works designed to get the economy out of a depression.
Correct Answer:
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Q38: In the 1930s,John Maynard Keynes said that
Q39: If our unemployment rate were eight percent
A)there
Q40: Q41: Statement I: The national debt passed the Q42: When government expenditures in a given year Q44: In the 20th century,our federal budget deficits Q45: Which of the following would require reducing Q46: The federal government deficit or surplus Q47: Statement I: If there were deflation,the national Q48: If full employment GDP is $8 trillion
A)is not
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