Provisions in the Law That Automatically Increase Government Spending or Decrease

question 25

Multiple Choice

Provisions in the law that automatically increase government spending or decrease taxes when real output declines are called:

• A)autonomous stabilizers.
• B)automatic stabilizers.
• C)the marginal propensity to consume.
• D)the income-expenditure multiplier.

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Definitions:

Evoked Set

Comprises the alternative brands or stores that the consumer states he or she would consider when making a purchase decision.

Adidas Shoes

A brand of athletic and casual footwear produced by the German multinational corporation Adidas, known for its sports and lifestyle products.

Consumer Decision Process

A series of steps a buyer goes through before making a purchase decision.

Internal Search

The process by which individuals use their memories and personal experiences to make decisions.