The Increase in the Amount That the Government Collects in Taxes

question 156

Multiple Choice

The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a recession is an example of

• A)automatic stabilizers.
• B)discretionary fiscal policy.
• C)discretionary monetary policy.
• D)automatic monetary policy.

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Definitions:

Bracero Program

A series of agreements between the United States and Mexico, allowing Mexican laborers to work temporarily in the U.S. agricultural sector from 1942 to 1964.

G.I. Bill

A law passed in 1944 that provided a range of benefits for returning World War II veterans, including low-cost mortgages, low-interest loans to start a business, and tuition and living expenses for education.

Technical Training

Education and training focusing on the practical application of scientific and engineering principles, aimed at preparing individuals for specific trades or careers.

Vocational Training

Education or instructional programs focused on equipping students with practical skills and knowledge for specific trades, professions, or vocations.