Because of the automatic stabilizers, a decline in the level of economic activity will cause: a. A

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Because of the automatic stabilizers, a decline in the level of economic activity will cause:

a. A reduction in tax revenues collected.

b. An increase in government spending.

c. A greater budget deficit.

d. All of the above.

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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