A major advantage of the automatic stabilizers is that they . ( LO3 ) a) simultaneously stabilize

Question:

A major advantage of the automatic stabilizers is that they . ( LO3 )

a) simultaneously stabilize the economy and tend to reduce the size of the public debt

b) guarantee that the federal budget will be balanced over the course of the business cycle

c) automatically produce surpluses during recessions and defi cits during infl ations

d) require no legislative action by Congress to be made effective

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 125375

10th Edition

Authors: Stephen Slavin

Question Posted: