13. Automatic stabilizers lean against the prevailing wind of the business cycle because a. wages are controlled

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13. Automatic stabilizers “lean against the prevailing wind” of the business cycle because

a. wages are controlled by the minimum-wage law.

b. federal expenditures and tax revenues change as the level of real GDP changes.

c. the spending and tax multipliers are constant.

d. they include the power of special interests.

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Economics For Today

ISBN: 9781594632914

6th Edition

Authors: Irvin B. Tucker

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