3. The budget balance tends to decline during a recession because a. tax revenue automatically declines. b.

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3. The budget balance tends to decline during a recession because

a. tax revenue automatically declines.

b. transfer payments automatically decline.

c. government spending automatically declines.

d. the government must cut spending as tax revenue automatically declines.

e. the government is likely to pursue contractionary fiscal policy.

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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Question Posted: Oct 16, 2024 10:00 AM

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3. The budget balance tends to decline during a recession because a. tax revenue automatically declines. b.

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Macroeconomics In Modules

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