Programs that automatically increase government spending (relative to revenue) during a recession and automatically decrease government spending (relative to revenue) during an economic boom are called:

A. discretionary fiscal policy.
B. supply-side programs.
C. automatic stabilizers.
D. tax credits.

Answer: C

Economics

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A stock mutual fund is generally

A) less risky than buying individual stocks. B) more risky than buying individual stocks. C) just as risky as buying individual stocks. D) a way for the rich to avoid taxes.

Economics

The President's budget is presented to Congress: a. in the form of the Economic Report of the President

b. in a report followed shortly by the Economic Report of the President. c. at the beginning of the fiscal year. d. in a report that should be voted up or down within 60 days. e. in a report that requires a two-thirds vote for ratification.

Economics