Due to automatic stabilizers, when the nation's total income rises, government transfer spending:
A. Increases and tax revenues decrease
B. Decreases and tax revenues increase
C. And tax revenues decrease
D. And tax revenues increase
B. Decreases and tax revenues increase
Economics
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Suppose Guild produces 5,000 guitars per year. Its average total cost is $90, and its fixed cost is $250,000 . What is its variable cost?
a. $250,000 b. $450,000 c. $25,000 d. $56,000 e. $200,000
Economics
If the money wage and other resource prices do not change when the price level rises by 10%...
What will be an ideal response?
Economics