Automatic Stabilizers Are Defined as

question 179

Multiple Choice

Automatic stabilizers are defined as

• A)actions taken by the President without Congressional consent to stabilize the economy.
• B)actions taken by an act of Congress to stabilize the economy.
• C)policy that stabilizes without the need for action by the government.
• D)discretionary policy taken to stabilize the economy.
• E)policy that has no multiplier effects.

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Definitions:

Production Budget

An estimate of the total cost of production (including materials, labor, and overhead) for a specific period.

Long-Range Planning

The process of defining strategic goals and making decisions on allocating resources to pursue this strategy over an extended period, typically beyond one year.

Budget Period

The time frame for which a budget is planned and implemented, often one fiscal year.

One Month

A period of time extending roughly from a specific date in one calendar month to the corresponding date in the next calendar month.