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During an expansion, which of the following occur because of automatic stabilizers?
I. Income tax revenues tend to rise.
II. Government transfer payments tend to rise.
III. The government's budget deficit tends to fall or its budget surplus tends to rise.
IV. They tend to amplify the rise in real GDP.
Organizational Budget
A detailed financial plan that outlines an organization's expected revenues and expenditures over a specific period of time.
Revenue
The total amount of money received from the sale of goods or services, as well as from related business activities.
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