As the economy declines into recession, the collection of personal income tax revenues automatically falls. This relationship best describes how the progressive income tax system: A. serves as a discretionary fiscal policy B. have no effect in the economy C. will help discourage spending D. converts a recession into a depression E. serves as an automatic stabilizer for the economy

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A $100 million decrease in government expenditures (G) leads to an even larger decrease in aggregate planned expenditures (GDP) because of Question 5Answer a. changes in induced aggregate supply. b. changes in induced consumption. c. the effects of discretionary fiscal policy. d. the effects of automatic fiscal policy.

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ww. STEADY AS SHE GOES Read A G what a BALANCED BUDGET THE ECONOMY Eipcs- Reprinted with permission from The Detroit News O A. Government revenues will stay the same. B. Government revenues will decrease. Spotify What does a balanced budget mean In terms of government revenue? Question 142 of 190 OC. Government revenue equals its spending. O D. Government receives less revenue than it spends. O E. Government generates more revenue than it spends. Chilled C

Which of the following statements is FALSE?   A. An expansionary fiscal policy might consist of an increase in transfer payments,   B. An investment tax credit is an example of expansionary fiscal policy   C. An expansionary fiscal policy seeks to shift aggregate demand to the right   D. Discretionary fiscal policy is always  expansionary

Which of the following is NOT a problem associated with implementing fiscal policy. a. Policy lags b. Information lags c. Interest rate lags Od. Impact lags

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Suppose the government implements fiscal consolidation by cutting spending while the nominal interest rate is already at zero or near zero percent. Given πeequals to π ̅ , fiscal consolidation will likely lead to:   a. Increasing inflation, decreasing real interest rate and a recession   b. Increasing inflation and real interest rates, and a recession   c. Deflation spiral, decreasing real interest rate and a recession   d. Deflation spiral, increasing real interest rate and a recession   e. All of the answers here are incorrect

Title Actions by the Federal Government that decrease the progressivity of the tax system: a. decrease th Description Actions by the Federal Government that decrease the progressivity of the tax system: a. decrease the amount of government spending b. increase the effects of automatic stabilizers c. decrease the effects of automatic stabilizers d. increase the amount of taxation