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QUESTION 31 What is the main purpose of the automatic stabilizers? O to support social programs when times get tough O to give some certainty to government officials O to cushion economic declines and to dampen economic booms O to limit future budget deficits

QUESTION 31 What is the main purpose of the automatic stabilizers? O to support social programs when times get tough O to give some certainty to government officials O to cushion economic declines and to dampen economic booms O to limit future budget deficits

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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QUESTION 31 What is the main purpose of the automatic stabilizers? O to support social programs when times get tough O to give some certainty to government officials O to cushion economic declines and to dampen economic booms O to limit future budget deficits QUESTION 32 Legislative or administrative action taken by the government to alter the level of government spending or the tax structure is O automatic stabilizers. O discretionary fiscal policy. O discount lending. O open market operations. QUESTION 33 The $1.9 trillion COVID Relief Bill passed by Congress on March 11, 2021 is an example of O monetary policy. O congressional policy. O discretionary fiscal policy. O automatic stabilization policy. QUESTION 34 Who is responsible for fiscal policy? O the U.S. Treasury and the Federal Reserve O the U.S. Treasury and the Congress O Congress and the Federal Reserve O Congress and the President
Transcribed Image Text:QUESTION 31 What is the main purpose of the automatic stabilizers? O to support social programs when times get tough O to give some certainty to government officials O to cushion economic declines and to dampen economic booms O to limit future budget deficits QUESTION 32 Legislative or administrative action taken by the government to alter the level of government spending or the tax structure is O automatic stabilizers. O discretionary fiscal policy. O discount lending. O open market operations. QUESTION 33 The $1.9 trillion COVID Relief Bill passed by Congress on March 11, 2021 is an example of O monetary policy. O congressional policy. O discretionary fiscal policy. O automatic stabilization policy. QUESTION 34 Who is responsible for fiscal policy? O the U.S. Treasury and the Federal Reserve O the U.S. Treasury and the Congress O Congress and the Federal Reserve O Congress and the President
O0 0 0 QUESTION 29 A progressive income takes a percentage of your income as your income O larger, declines O smaller; rises O flat, declines O larger, rises QUESTION 30 When the economy slides into a recession, government outlays for transfer payments tend to starts to expand again, government outlays for transfer payments tend to policy. When the economy fiscal This is an example of O increase: remain unchanged, discretionary decrease; increase; automatic increase decrease; automatic remain unchanged decrease; discretionary
Transcribed Image Text:O0 0 0 QUESTION 29 A progressive income takes a percentage of your income as your income O larger, declines O smaller; rises O flat, declines O larger, rises QUESTION 30 When the economy slides into a recession, government outlays for transfer payments tend to starts to expand again, government outlays for transfer payments tend to policy. When the economy fiscal This is an example of O increase: remain unchanged, discretionary decrease; increase; automatic increase decrease; automatic remain unchanged decrease; discretionary
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