-Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.This diagram portrays the notion of:

Question

Quizplus · Accepted Answer

The diagram likely shows how tax revenues and government expenditures change with the level of economic activity, illustrating the concept of built-in stability, where fiscal policy automatically stabilizes the economy without new government action.

-Refer to the Above Diagram Wherein T Is Tax Revenues