Induced taxes are defined as taxes
A) we are forced to pay for services from the government.
B) that vary with real GDP.
C) that are avoided with the use of legal tax shelters.
D) enacted by Congress that explicitly state the amount to be paid.
E) that rise in recessions and fall in expansions.
Correct Answer:
Verified
Q94: Automatic stabilizers
A)increase the magnitude of the government
Q95: Needs-tested spending is best described as
A)spending on
Q96: National debt decreases in a given year
Q97: During a recession,unemployment compensation payments increase without
Q98: When government outlays are less than tax
Q100: Needs-tested spending
A)is directing government spending and taxes
Q101: When the Fed raises the federal funds
Q102: If the Fed lowers the federal funds
Q103: Control of monetary policy rests with
A)Congress.
B)the President.
C)the
Q104: An example of a fiscal stimulus is
A)increasing
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