Which of the following is not an automatic stabilizer:
a. Business profits taxes.
b. Welfare payments.
c. Government spending for new bridges and roads.
d. All of the above are examples of automatic stabilizers.
.C
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In the HO model, a "box diagram" describes the distribution of:
a. output between the two producing sectors in a country. b. output between the two countries of the model. c. labor and capital between the two producing sectors of a country. d. labor between the two countries of the model.
Refer to Table 9-7. The table shows entries on the balance sheets for the Federal Reserve and the banking system above. These balance sheet entries are consistent with
A) an open market sale of $1,500 in bonds. B) an open market purchase of $1,500 in bonds. C) neither an open market sale nor an open market purchase. D) either an open market sale or an open market purchase.