"Automatic Fiscal Stabilization" in the Economy Refers to

question 125

Multiple Choice

"Automatic fiscal stabilization" in the economy refers to

• A)the properties of government spending and taxation that cause the simple multiplier to be increased.
• B)the discretionary fiscal policies that are automatically undertaken by the government when there is a recessionary gap.
• C)the properties of government spending and taxation that cause the simple multiplier to be reduced.
• D)the discretionary fiscal policies that are automatically undertaken by the government when there is an inflationary gap.
• E)all discretionary fiscal policies.

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Definitions:

Status Symbols

Objects or titles used to signify an individual's social position, wealth, or prestige within a society.

Political Ideology

A set of beliefs or ethics about how society should work and the role of government in it, often related to the political spectrum from left to right.

Stratified Societies

Societies in which people are hierarchically divided and ranked into social strata, or layers, and do not share equally in basic resources that support income, status, and power.

Indian Caste System

A hierarchical and traditional division of society into hereditary classes that dictate the occupation, social status, and marital alliances of its members.