Which of the following are examples of expansionary fiscal policy, and which are examples of automatic stabilizers?

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a. The government paid an extra $25 million in unemployment insurance claims last month.

b. New legislation temporarily extends unemployment benefits for an additional 26 weeks.

c. The IRS collected $50 billion more in taxes last year, even though tax rates were unchanged.

d. Congress appropriates an additional $125 million in funds to help states pay teachers during a recession.

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

Question Posted: Feb 20, 2024 01:00 AM

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Which of the following are examples of expansionary fiscal policy, and which are examples of automatic stabilizers?

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Expansionary fiscal policy refers to deliberate actions taken by the government to stimulate economi...View the full answer

Principles Of Economics

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