Which of the following is an automatic stabilizer that moves the federal budget toward deficit during an economic contraction and toward surplus during an economic expansion?
a. Personal income tax revenues.
b. Corporate income tax revenues.
c. Unemployment benefits.
d. All of these.
d
Economics
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Which of the following is TRUE of a perfectly competitive firm and a monopoly in the long run?
A) P = MC B) P = ATC C) MR = MC D) P = MR
Economics
If the price level falls, what will happen to the aggregate supply curve?
a. It will shift outward. b. It will shift inward. c. Nothing. d. It will get steeper. e. It will get flatter.
Economics