Built-In Stability Means That

question 2

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.

Comprehend the importance of empirical inquiry and reasoning in natural science.

Recognize the role of critical thinking skills like hypothesis testing, analysis, and interpretation in scientific research.

Identify the characteristics and aims of natural science research.

Acknowledge the self-corrective nature of natural science and the significance of independent replication and evaluation.

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Definitions:

Diverse Individuals

People from various backgrounds and with different characteristics, including but not limited to race, gender, age, and cultural background.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, typically aiming to achieve a specific goal.

Problem

A perceived gap between an existing state and a desired state.

Evidence-based Management

An approach to management that emphasizes the practical application of the best available evidence from multiple sources to improve decision-making and organizational outcomes.