When Government Tax Revenues Change Automatically and in a Countercyclical

question 171

Multiple Choice

When government tax revenues change automatically and in a countercyclical direction over the course of the business cycle, this is an example of:

• A)impounding.
• B)built-in stability.
• C)money creation.
• D)the full-employment budget.

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Definitions:

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An influential American economist known for his work in the fields of macroeconomics, microeconomics, and the study of consumption analysis and monetary history.

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