Examlex
Which of the following is true of PCP?
Automatic Stabilizers
Tools in fiscal policy that adjust spending and taxes automatically to buffer against economic cycles, reducing the effects of inflation and recession.
Tax Credits
Amounts subtracted directly from the taxes owed to the government, incentivizing certain economic activities or investments.
Transfer Payments
Non-compulsory payments made by the government to individuals or other entities, without a direct exchange of services or goods; examples include pensions and subsidies.
Government Securities
Financial instruments issued by the government to borrow money from investors, typically with a promise to pay back with interest.
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