When an Economy Is in a Recession,discretionary Fiscal Policy Would

question 133

Multiple Choice

When an economy is in a recession,discretionary fiscal policy would call for ________,and the automatic stabilizers would ____________.

• A)lowering tax rates;lower tax revenues
• B)increasing tax rates;increase tax revenues
• C)increasing tax revenues;increase tax rates
• D)None of these is true.

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Definitions:

Gender Role Orientation

The societal norms and expectations regarding the behaviors, activities, and roles considered appropriate for males and females.

Inborn Tendencies

Natural predispositions or instincts that individuals are born with, influencing their behaviors and reactions.

Uncertainty Avoidance

A societal characteristic identifying how much ambiguity and unpredictability is accepted by a culture.

Job Mobility

The ability or ease with which an individual can move to different job roles or employment opportunities.