Because Automatic Stabilizers Exist in the United States Economy

question 298

Multiple Choice

Because automatic stabilizers exist in the United States economy

• A)during a recession,transfer payments automatically rise and tax revenue drops;during a period of economic recovery,transfer payments fall and tax revenue rises.
• B)real wages automatically adjust to keep the labor force fully employed at all stages of the business cycle.
• C)monetary policy is designed to automatically respond to changes in money demand.
• D)during a recession,the government's budget deficit automatically becomes smaller.
• E)All of the choices/statements are truE.

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Definitions:

Employment Disparities

Differences in employment opportunities, wages, and career progression faced by individuals based on race, gender, religion, or other marginalized statuses.

Institutional Racism

Discriminatory practices and policies that are embedded within and perpetuated by social and governmental institutions, affecting marginalized groups negatively.

Work Training

Programs or activities designed to equip individuals with specific skills or knowledge required for particular jobs or professions.

Ethnic Enclave

A geographic area with high ethnic concentration, characterized by a distinct cultural identity and economic activity.