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Which of the following represent(s) automatic stabilizers in the economy? I. A progressive personal income tax II. Unemployment insurance compensation III. Congressional action increasing tax
Which of the following represent(s) automatic stabilizers in the economy?
I. A progressive personal income tax
II. Unemployment insurance compensation
III. Congressional action increasing tax rates
a) i only
b) ii only
c) iii only
d) i and ii only
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