One characteristic of automatic stabilizers is that
A. they automatically produce surpluses during recessions and deficits during inflation.
B. they reduce the size of the public debt during times of recession.
C. they have no effect on the distribution of income.
D. they require no new legislative action by the government to have an effect.
Answer: D
Economics
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The figure above shows the market for private elementary school education in Chicago. There is no external cost of private elementary education. If the government does not intervene in this market, the equilibrium price of private education is
A) $12,000. B) $16,000. C) $20,000. D) $4,000. E) $6,000.
Economics
What is the optimal scale of plant?
What will be an ideal response?
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