Built-In Stability Means That

question 27

Multiple Choice

Built-in stability means that

• A)an annually balanced budget will offset the procyclical tendencies created by state and local finance and thereby stabilize the economy.
• B)with given tax rates and expenditures policies, a rise in domestic income will reduce a budget deficit or produce a budget surplus, while a decline in income will result in a deficit or a lower budget surplus.
• C)Congress will automatically change the tax structure and expenditure programs to correct upswings and downswings in business activity.
• D)government expenditures and tax receipts automatically balance over the business cycle, though they may be out of balance in any single year.

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