Because the personal income tax is an automatic stabilizer,
a. inflationary gaps are impossible.
b. the budget deficit grows during a recession.
c. the deficit needed to cure a recessionary gap increases.
d. the structural deficit grows during a recession.
e. All of the above are correct.
b
Economics
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If a country lends more to foreign countries than it borrows from foreign countries in a year, then definitely during that year
A) it has a current account deficit. B) it is a creditor nation. C) it is a debtor nation. D) it is a net lender.
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Which of the following is not a negative externality associated with driving cars?
a. congestion b. pollution c. repairs d. accidents
Economics