Since 1946 the U.S.economy Has Been Marked by

question 101

Multiple Choice

Since 1946 the U.S.economy has been marked by

• A)Greater stability due to a hands-off policy by the government.
• B)Greater stability due to automatic stabilizers and a larger government sector.
• C)Less stability due to the discretionary policies of the government.
• D)Less stability due to the use of fixed policy rules.

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Definitions:

Tax Reform

Changes made to improve a tax system, often involving amendments to tax laws and policies.

Supply Curve

A chart that illustrates the amount of a product that suppliers are prepared to produce and sell at various price points.

Save More

The action of increasing the amount of money set aside for future use or as a precaution against emergencies or major purchases.

Tax Credit

A tax incentive which allows taxpayers to subtract the amount of the credit from the total they owe to the state.