Automatic Stabilizers

question 61

Multiple Choice

Automatic stabilizers

• A)Are included in discretionary fiscal spending.
• B)Cause spending to decrease during a recession.
• C)Help to moderate the extremes of the business cycle.
• D)Are zero at full employment.

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Definitions:

Farm Output

The total quantity of agricultural products produced by a farm or in a specific area within a given period.

Global South

A term often used to describe countries considered to be in a position of socio-economic and political disadvantage, primarily those in the Southern Hemisphere.

Farmer's Family

Refers to the household members related to and living with a farmer, often involved in agricultural activities and decisions.

Economic Development

The process of improving the economic well-being and quality of life of a community or nation, often through industrial, social, and infrastructural enhancements.