An Illustration of the Term "Automatic Stabilizer" Is Provided by

question 218

Multiple Choice

An illustration of the term "automatic stabilizer" is provided by

• A)The tendency of tax collections to rise as the economy moves into a recession.
• B)The tendency of tax collections to fall as the economy moves into a recession.
• C)Increases in tax rates as the economy moves into a recession.
• D)Decreases in tax rates as the economy moves into a recession.
• E)Public works designed to get the economy out of a depression.

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Definitions:

Long Production Runs

Extended periods of continuously producing the same product, which often leads to economies of scale and reduced costs per unit.

Operations Strategy

A plan that outlines how an organization will allocate resources to support infrastructure and production to meet business objectives.

Competitive Strategy

Strategic approaches that organizations adopt to gain an advantageous position over their competitors in the market.