One Characteristic of Built-In or Automatic Stabilizers Is That

question 49

Multiple Choice

One characteristic of built-in or automatic stabilizers is that

• A)they require no new legislative action by Congress to have an effect.
• B)they automatically produce surpluses during recessions and deficits during inflation.
• C)they have no effect on the distribution of income.
• D)they reduce the size of the public debt during times of recession.

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Definitions:

Organizational Authority

The level of power or control assigned to roles or positions within an organization, dictating decision-making capacities.

Discrete Random Variables

Variables that take on a countable number of distinct and separate values.

Continuous Random Variables

Variables that can take an infinite number of values within a given range, for instance, weight or temperature.

Probability Distribution

A mathematical function that provides the probabilities of occurrence of various possible outcomes in an experiment.