Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started