Question 1
The economic impact of ________ during expansionary periods is to moderate growth.
◦ implementation lags
◦ positive demand shocks
◦ automatic stabilizers
◦ tax cuts
Question 2
The economic impact of automatic stabilizers during recessionary periods is to
◦ have no impact on the recession.
◦ moderate the recession.
◦ make the recession worse.
◦ increase taxes.