Automatic Stabilisers Tend to Stabilise the Level of Real GDP

question 51

Multiple Choice

Automatic stabilisers tend to stabilise the level of real GDP because:

• A)Parliament quickly changes spending and tax revenue.
• B)federal expenditures and tax revenues change as the level of real GDP changes.
• C)the spending and tax multiplier are constant.
• D)wages are controlled by the minimum wage law.

Identify strategies for critically evaluating arguments.

Differentiate between psychological appeal and logical validity in arguments.

Identify and understand the fallacy of division.

Recognize when an appeal to emotion (pity) is irrelevant to an argument.

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Definitions:

Audience Interpret

How the viewers or readers understand or make sense of information presented to them.

PAIBOC Questions

An analytical tool used in business communication which stands for Purpose, Audience, Information, Benefits, Objections, and Context, helping to strategize effective communication.

Psychological Descriptions

Pertains to the depiction or analysis of characters or individuals based on their mental states and behaviors.

Common Grounds

Shared beliefs, values, or interests that can be used as a basis for communication or agreement.