Automatic Stabilizers Have _____ Effects During Times of Economic Prosperity

question 265

Multiple Choice

Automatic stabilizers have _____ effects during times of economic prosperity and _____ effects during times of economic downturn.

• A) contractionary; contractionary
• B) contractionary; expansionary
• C) expansionary; contractionary
• D) expansionary; expansionary

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Definitions:

Competitive

A characteristic of entities (individuals or organizations) that strive to achieve and maintain an advantage over others by offering better quality, service, or price.

Event Outcome Forecast

The prediction of the results or impacts of a particular event, based on analysis or models.

Time Series

A sequence of data points, typically measured at successive points in time, spaced at uniform time intervals, used for statistical analysis or forecasting.

Impending Strike

A forthcoming work stoppage planned by employees as a form of protest against working conditions, policies, or decisions made by employers.