Automatic Fiscal Policy

question 38

Multiple Choice

Automatic fiscal policy

• A)is triggered by the state of the economy.
• B)involves only a change in government outlays and no change in revenues.
• C)involves only a change in personal income tax rates.
• D)requires action by Parliament.
• E)occurs during recessions but not during expansions.

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Definitions:

Fixed

In a medical context, this term refers to something that is stationary, attached, or has become immovable.

Transverse Ridge

A horizontal line or crest formed by the union of two surfaces, often seen in bones or on the palatal surface of the mouth.

Pendulous Breasts

Breasts that hang down more significantly due to their size, weight, or loss of skin elasticity, often associated with aging, pregnancy, or significant weight changes.

Nodular

Characterized by nodules, which are small swelling or aggregation of cells in the body, often indicating an underlying condition.