Which of the following has the effect of being a built-in stabilizer for the economy?
A) Progressive income tax
B) Welfare programs
C) Unemployment compensation
D) All of the choices are correct
Correct Answer:
Verified
Q183: Statement I: By law,the federal government must
Q184: The multiplier effect occurs because
A)when national income
Q185: Discretionary fiscal policy entails
A)automatic changes in spending
Q186: A budget deficit is the
A)annual excess of
Q187: Automatic stabilizers
A)are a form of nondiscretionary fiscal
Q189: If government spending equals tax revenue,the government
Q190: A recessionary gap can be closed by
Q191: As a result of the action of
Q192: Statement I: If we run a federal
Q193: The public debt
A)refers to the debts of
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