Answered step by step
Verified Expert Solution
Question
1 Approved Answer
> Question 4 2 points Save Answer If the government does not change fiscal policy during the business cycle, will there be any forces that
> Question 4 2 points Save Answer If the government does not change fiscal policy during the business cycle, will there be any forces that will help smooth out the economic fluctuations? Choose the correct answer. Yes, automatic stabilisers, including government taxes that automatically decrease and transfer payments that automatically increase during expansions, will change without any actions by the government. Yes, rising savings throughout expansions and rising debts throughout contractions will help to smooth out the economic fluctuations. Yes, automatic stabilisers, including government taxes that automatically increase and transfer payments that automatically decrease during expansions, will change without any actions by the government. O No, without government action to change fiscal policy during the business cycle, there will not be any forces that will help smooth out the economic fluctuations
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