Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Automatic stabilizers can be correctly defined as Group of answer choices A. fiscal policies administered by the Federal Reserve System to keep inflation in check.
"Automatic stabilizers" can be correctly defined as
Group of answer choices
A. fiscal policies administered by the Federal Reserve System to keep inflation in check.
B. Government programs that "kick in" during recessionary or inflationary periods to mitigate large variations in GDP.
C. Another name for investment tax credits.
D. ALL of the above fall into that category.
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