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
Chapter1: Making Economics Decisions
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fabaffa11-0c2d-49d6-8618-6ddfc630fb06%2Fe489fb5e-72bc-46cf-b039-4b9d20053e28%2Ff97rav_processed.jpeg&w=3840&q=75)
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fabaffa11-0c2d-49d6-8618-6ddfc630fb06%2Fe489fb5e-72bc-46cf-b039-4b9d20053e28%2Fhmtehm_processed.jpeg&w=3840&q=75)
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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