Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Automatic stabilizers as they exist in the US are best represented by which statement? A. personal and corporate income tax collections and transfers and subsidies

Automatic stabilizers as they exist in the US are best represented by which statement?

A. personal and corporate income tax collections and transfers and subsidies all automatically vary inversely with the level of the national income.

B. personal and corporate income tax collections automatically rise and transfers and subsidies automatically decline as the national income rises

C. the size of the balanced budget multiplies varies inversely with the level of national income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Economics

Authors: Bradley Schiller, Karen Gebhardt

10th edition

125923570X, 978-1259235702

More Books

Students also viewed these Economics questions

Question

What courses does he/she teach?

Answered: 1 week ago

Question

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago