If the Economy Is to Have Built-In Stability,when Real GDP

question 253

Multiple Choice

If the economy is to have built-in stability,when real GDP falls

• A)tax revenues and government transfer payments should fall.
• B)tax revenues and government transfer payments should rise.
• C)tax revenues should fall and government transfer payments should rise.
• D)tax revenues should rise and government transfer payments should fall.

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Definitions:

Heredity

The transmission of genetic characteristics from parents to offspring through their genes.

Bone Growth

The process by which bones increase in size, which occurs through both the development and hardening of cartilage into bone (ossification) and the addition of bone tissue.

Nutrient

A constituent of food necessary for normal physiologic function.

Fontanels

Soft spots in an infant’s skull that consist of tough membranes that connect to incompletely developed bone.