Automatic stablizers

During a recession, automatic stabilizers will result in

During a period of economic growth, automatic stabilizers have the effect of          

During a recession, automatic stabilizers result in

To counteract the effect of automatic stabilizers during a recession and to keep the budget balanced, the federal government must _________ government spending, or ________ taxes, and which will ___________ aggregate demand.

A standardized employment budget calculates what the budget deficit or surplus would be if the

The standardized employment budget is prepared by

If the standardized budget surplus > the actual budget surplus, then it implies a period of

The gap between standardized budget deficit or surplus and actual budget deficit or surplus shows

Lower aggregate demand automatically results in

Non-discretionary fiscal policy during a boom period automatically kicks in

Non-discretionary fiscal policy results in budget surplus during

During a recession, the increase in budget deficit due to automatic stabilizers results in

During a period of economic growth, transfer payments will automatically

The impact of automatic stabilizers is eliminated by       

Non-discretionary fiscal policy leads to