When the Economy Enters a Recession, Automatic Stabilizers Create

question 5

Multiple Choice

When the economy enters a recession, automatic stabilizers create:

• A) higher taxes.
• B) more discretionary spending.
• C) budget deficits.
• D) budget surpluses.

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Definitions:

Supply Chain

The system of entities, individuals, processes, data, and assets engaged in transferring a product or service from the producer to the consumer.

Logistics

The coordination and management of moving goods from their point of origin to their final destination.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, often summarized as product, price, place, and promotion.

Promotion

A marketing strategy used to increase awareness, interest, and sales of a product or service through various means such as advertising, sales, and public relations.