Question: Automatic stabilizers as they exist in the US are best represented by which statement? A. personal and corporate income tax collections and transfers and subsidies
Automatic stabilizers as they exist in the US are best represented by which statement?
A. personal and corporate income tax collections and transfers and subsidies all automatically vary inversely with the level of the national income.
B. personal and corporate income tax collections automatically rise and transfers and subsidies automatically decline as the national income rises
C. the size of the balanced budget multiplies varies inversely with the level of national income
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