What is an autonomous variable? What components of aggregate demand have we specified. In this chapter, as being autonomous Using your knowledge of the amount of time required for the many components of the federal government to agree upon and implement changes in policy (i.e., tax codes, the welfare system), can you think of any problems with using fiscal policy to stabilize the economy? Why do we call mechanisms such as proportional income taxes and the welfare system auto matic stabilizers Choose one of these mechanisms and explain carclully how and why it affects fluctualions in output .What is the full-employment bud get surplus, and why might it be a more useful measure than the actual, or unadjusted, budget surplus? The text provides other names for this measure, such as cyclically adjusted surplus and structural surplus. Why might we prefer to use these other terms