3 During the recession of 20072009, the U S federal governments tax collections fell from about $2 6 trillion down to about $2 1 trillion while GDP declined by about 4 percent Does the U S tax system...

Question

3 During the recession of 20072009, the U S federal governments tax collections fell from about $2 6 trillion down to about $2 1 trillion while GDP declined by about 4 percent Does the U S tax system appear to have built in stabilizers LO33 2 a Yes b No ...

Accepted Answer

The Answer is in the image, click to view ...

3. During the recession of 20072009, the U.S. federal governments tax collections fell from about $2.6 trillion

Question:

Step by Step Answer:

Economics