Deficit targeting acts as ________ because it requires taxes to be raised and government spending to be cut during ________.
A. an automatic stabilizer; an expansion
B. an automatic stabilizer; a contraction
C. an automatic destabilizer; an expansion
D. an automatic destabilizer; a contraction
Answer: D
You might also like to view...
U.S. net exports include
A) sales of Hollywood movies to the rest of the world. B) the production of Ford Mustangs in China that are sold in China. C) Honda automobiles produced and sold in Japan. D) the sale of shares of Nike stock on the New York Stock Exchange. E) the sale of U.S. government securities to U.S. citizens.
In the neoclassical growth model without technological progress, the steady-state growth rate of per capita output is
a. the growth of technology plus the growth of population. b. the growth of population. c. the growth of technology. d. the growth of technology plus population plus depreciation.