Taxes and Transfer Payments Automatically Reduce Fluctuations in Real GDP

question 98

True/False

Taxes and transfer payments automatically reduce fluctuations in real GDP and thereby stabilize the economy without any need for decisions from Congress or the White House.

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Definitions:

Conifers

Trees and shrubs that bear cones and typically have needle-shaped or scale-like leaves, such as pines and cedars.

Boreal Forest

Extensive high-latitude forest of the Northern Hemisphere; conifers are the predominant vegetation.

Temperatures

A measure of the warmth or coldness of an object or substance with reference to some standard value.

Freshwater Lakes

Bodies of standing water, of various sizes, that contain low concentrations of salt, making them habitable for a variety of freshwater organisms.