Question: How do taxes and needs-tested spending programs work as automatic fiscal policy to dampen the business cycle? Question content area bottom Part 1 Taxes and

How do taxes and needs-tested spending programs work as automatic fiscal policy to dampen the business cycle? Question content area bottom Part 1 Taxes and needs-tested spending work as automatic fiscal policy to dampen the business cycle because taxes ______ during an expansion, and needs-tested spending ______ during a recession. A. increase; decreases B. decrease; increases C. decrease; decreases D. increase; increases

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

What is the methodology of the research, the hypothesis, the type of researchqualitative, quantitative, statistical, case study, etc, and the way the research was conductedsurveys, interviews,...

Please read the text pages from 15-28 pasted below and answer the following questions Define: 1) expansionary fiscal policy 2) automatic stabilizers 3) progressive tax 4) contractionary fiscal policy...

Macroeconomics 1.Define/explain the following: a.What are the three goals of fiscal policy? b.What are the three goals of fiscal policy? c.What the Laffer curve shows. d.Automatic fiscal policy...

Disaster Recovery Needs Contingency Planning (Print Ready) Page 1 of 2 Disaster Recovery Needs Contingency Planning By: Andy Butler | Posted: Jan 13th, 2008 Disaster recovery will be an...

A Case Study of the Navy ABSTRACT We present here a case study of an organization within the U.S. Navy that created a new organizational construct and performance management system. We explore the...

Prepare an Excel sheet summary comparison summary that addresses the following: What type of pension fund does the state provide to employees How is the pension fund actually funded - who pays for it...

4 Files 3:17 PM Fri May 13 Insert Draw Layout Review View Unit SMacroeconomic Policy Name: HR: POLICY BASICS Use the space below to take notes during class. The Federal Reserve: Monetary Policy:...

4 Files 3:18 PM Fri May '13 Insert Draw Layout Review View Unit SMacroeconomic Policy Name: HR: FISCAL POLICY Use the space below to take notes during class. Disposable Income: How does a change in...

Do question 4 for JAN 2013 and question 3 and 4 for July 2012.This module is income tax for singapore.Do it in microsoft word. ACC213 Examination - January Semester 2013 Introduction to Income Tax...

What is the working capital, current ratio, and quick ratio of Intuit? Please use the attached annual report. Frequently, management will comment on liquidity in the MD&A (management's discussion and...

1. Why do you think companies like Dole need succession planning? 2. Do you see any disadvantage of "automating" succession planning?

1. Suppose that a random sample consists of three observations, X, X2 and X3, is collected from a population with mean, and variance o. These observations are independently and identically...

Manufacturers acquire ownership of their work through production. Question 3 options: TrueFalse

For students with dyslexia and other literacy challenges, social and emotional problems begin to develop when instruction does not match their learning needs. Discuss specific steps teachers can take...