As a result of the action of automatic stabilizers,
A) the government budget changes offset changes in national income.
B) the government has had decreasing budget deficits over time.
C) taxes and government spending rise when the economy enters a recession.
D) taxes and government spending fall when the economy enters a recession.
Correct Answer:
Verified
Q186: A budget deficit is the
A)annual excess of
Q187: Automatic stabilizers
A)are a form of nondiscretionary fiscal
Q188: Which of the following has the effect
Q189: If government spending equals tax revenue,the government
Q190: A recessionary gap can be closed by
Q192: Statement I: If we run a federal
Q193: The public debt
A)refers to the debts of
Q194: Which one of the following would be
Q195: During the recession in 2001,President Bush extended
Q196: In order to borrow money to finance
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