Which of the Following Components of Government Spending and Revenue

question 178

Multiple Choice

Which of the following components of government spending and revenue serves as an automatic stabilizer?

• A) the wealth effect
• B) the multiplier
• C) unemployment insurance
• D) military spending
• E) property taxes

---

Definitions:

Implied Authority

Authority that is not explicitly stated but is assumed to be granted due to the nature of a job or position.

Written Agreement

A document that outlines the terms and conditions agreed upon by parties, serving as a formal contract.

Partners

Individuals who share ownership of a business and its operations, including sharing the profits and liabilities of the business.

Pool and Sauna

Facilities often found in hotels, gyms, or residential complexes, consisting of a swimming pool for recreation or exercise and a sauna room for dry or wet heat sessions, promoting relaxation and health.