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Loraine Loraine
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8 years ago
Automatic stabilizers decrease the impact of a recession on the level of economic activity because they
A) reduce the interest rate and so allow firms to increase their level of investment.
B) increase taxes so the budget is always balanced.
C) raise the exchange rate so U.S. exports become more attractive to foreigners.
D) mean disposable income does not change by as much as real GDP.
E) increase the quantity of money in circulation.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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