The "stimulus package"
What will be an ideal response?
involved more than $800 billion in new government spending and reduced taxes. This was followed by further tax cuts over the next two years, including a temporary two-percentage-point payroll tax holiday in 2011 and 2012.
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Which of the following statements is FALSE?
A) Saving helps create economic growth. B) Improvements in quality of education are important for economic growth. C) Free international trade helps create economic growth. D) Faster population growth is the key to growth in real GDP per person. E) Economic freedom requires property rights.
Revenue and spending programs in the federal budget that automatically adjust with the ups and downs of the economy are known as _____
Fill in the blank(s) with the appropriate word(s).