Question

please help with all questions

1)Which of the following is not an automatic stabilizer?

a)	Property tax revenue.

b) Corporate income tax revenue. c) Unemployment compensation benefits.

d) Personal income tax revenue.

2) Structures in the economy increase aggregate demand when the economy is in recession and decrease aggregate demand when the economy is inflationary are known as:

a)	depreciation.

b)	accelerators.

c)	automatic stabilizers.

d) tax transfers.

3) Income tax collections:

a)	fall during recessions, thus increase the problem of unemployment.

b)	rise during periods of prosperity, thus reduce federal budget deficits.

c)	rise during recessions, thus increase the problem of unemployment.

a)

d) fall during periods of prosperity, thus increase federal budget deficits.

4) Automatic stabilizers are government programs that:

bring expenditures and revenues automatically into balance without legislative action.

b)	exaggerate the ups and downs in aggregate demand without legislative action.

c) increase tax collections automatically during a recession.

d) shift the budget toward a deficit when the economy slows but shift it toward a surplus during an expansion