Homework Help is Here – Start Your Trial Now!
Business
Economics
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
Problem 1QTC
See similar textbooks
icon
Related questions
Question

6

 

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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Nash Equilibrium
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS