Government transfer payments act as automatic stabilizers because as labor income decreases, transfer payments a. decrease as
Question:
Government transfer payments act as automatic stabilizers because as labor income decreases, transfer payments
a. | decrease as well. | |
b. | increase. | |
c. | to the government increase. | |
d. | remain constant. |
For liberals, the United States has a(n)
a. | public sector that is too small. | |
b. | private sector that is too small. | |
c. | public sector that is too large. | |
d. | economy that is too heavily regulated. |
Ronald Reagan's presidency could be characterized as a period of
a. | passive monetary policy. | |
b. | active regulatory policy. | |
c. | passive fiscal policy. | |
d. | active fiscal policy. |
The reason that the multiplier is smaller if there are variable taxes is that
a. | tax increases shift the expenditure line upward. | |
b. | taxes add to government spending, which increases income. | |
c. | people get angry about taxes and decide to work less. | |
d. | part of an increase in income is taken away in taxes. |
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill