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In recessions, tax revenues tend to decline and transfer payments like unemployment insurance and food stamps tend to increase, so these programs... Select one:
In recessions, tax revenues tend to decline and transfer payments like unemployment insurance and food stamps tend to increase, so these programs... Select one: " a. are procyclical. ' ' b. increase unemployment. 0 c. are automatic stabilizers. ' d. create budget surpluses during economic downturns. e. make Aggregate Expenditures less Which one of the following statements is FALSE? ' a. "Tight money" policies tend to increase the money supply growth rate. ' b. The Fed does not directly set the federal funds rate but instead tightly controls the rate through open market operations. c. The prime bank rate is the rate banks charge their most credit-worthy commercial customers. ' d. The prime bank rate in the United States is consistently higher than the federal funds rate. e. The Fed can influence the supply of federal funds through open market operations
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