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Active Changes in Tax and Spending by Government Intended to Smooth

question 114

Multiple Choice

Active changes in tax and spending by government intended to smooth out the business cycle are called ________,and changes in taxes and spending that occur passively over the business cycle are called ________.


Definitions:

Enzyme

Biological catalysts that speed up chemical reactions in the body without being consumed in the process.

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy, and how these affect matter.

Usable Energy

energy that is available for doing work in a system, after accounting for energy lost as heat or in other unusable forms.

Transformed

Altered in form, appearance, or structure, especially significantly so.

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