A feature of automatic stabilizers is that they:
A) guarantee that the federal budget will be balanced over the course of the business cycle..
B) do not require any legislative action by Congress to take effect.
C) simultaneously stabilize an economy and reduce the size of the public debt
D) automatically result in surpluses during recessions and deficits during economic booms
E) automatically decrease the price level during inflation and increase the price level during deflation.
Correct Answer:
Verified
Q42: Does the benefits received principle work well
Q90: A flat tax plan allows individuals to
Q92: Automatic stabilizers
A)vary inversely with business cycle changes
B)are
Q93: How does the multiplier work, and how
Q94: The U.S. government does not have to
Q95: The national debt is:
A)a result of previous
Q96: The U.S. government funds deficit spending by:
A)issuing
Q97: The U.S. public debt is owed to:
A)Congress.
B)the
Q98: The total value of all bonds issued
Q100: What is the ability to pay principle?
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents