Automatic stabilizers combine changes in discretionary fiscal policy with changes in government spending and taxes influenced by the business cycle in order to stabilize the economy.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Preannounced, stable policies to achieve a low and constant money supply growth and a balanced federal budget are therefore the best way to lower the inflation rate. This statement best illustrates the:
a. Keynesian theory.
b. rational expectations theory.
c. incomes policy.
d. supply-side theory.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Environmental policy
The environmental policy changes over time
Basic structure of automatic pathway
The constitutional division of Powers Between the National Government and the States