What happens automatically if the economy goes into a recession?
A) Only transfers increases.
B) Only tax revenues rise.
C) The deficit increases.
D) The deficit decreases.
E) Transfers increase, tax revenues rise, and the deficit stays the same.
Correct Answer:
Verified
Q121: The economy is in a recession and
Q122: During an expansion, tax revenues
A) fall and
Q123: An economy has $20 billion in debt
Q124: There is a cyclical deficit when
A) government
Q125: An economy has $40 billion in debt
Q127: A government begins the year with a
Q128: Which is part of federal government spending?
A)
Q129: The cyclical deficit
A) is a persistent economic
Q130: Automatic stabilizers
A) require action by Parliament.
B) are
Q131: Government should not try to
A) eliminate budget
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