When the economy goes into a ____, the amount of taxes collected by the government ____ automatically.
A) recession; falls
B) recession; rises
C) boom; falls
D) None of the above.
Correct Answer:
Verified
Q85: A substantial increase in marginal tax rates
Q87: If there is initially a federal budget
Q87: Which of the following propositions would a
Q89: When the economy goes into a _,
Q91: A substantial cut in marginal tax rates
Q93: If there is initially a federal budget
Q95: Which of the following statements is not
Q98: Automatic stabilizers in the United States are:
A)changes
Q105: A major advantage of automatic stabilizers is
Q116: A cut in marginal tax rates would:
A)increase
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