If the Economy Falls into a Recession, Automatic Stabilizers Will

question 80

Multiple Choice

If the economy falls into a recession, automatic stabilizers will cause:

• A)tax receipts to fall and government spending to rise.
• B)tax receipts to rise and government spending to fall.
• C)both tax receipts and government spending to rise.
• D)both tax receipts and government spending to fall.

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Definitions:

Functional Block Diagram

A graphical representation that illustrates the functions and flow of data among different blocks of a system, highlighting the system's functional interactions.

Ladder Diagram

An industry standard for representing relay logic control systems. The diagram resembles a ladder because the vertical supports of the ladder appear as power feed and return buses and the horizontal rungs of the ladder appear as series and/or parallel circuits connected across the power lines.

Ladder Rung

A horizontal row in a ladder logic diagram, representing a condition leading to an outcome in programmable logic controllers (PLCs).