Step-by-step answer: Choose the term that best fits the definition. On separate paper
Chapter 15, Problem 11(choose chapter or problem)
Choose the term that best fits the definition. On separate paper, write the letter of the answer._____11. Government spending and taxing programs that, year after year, automatically reduce fluctuations in disposable income and thus in consumption over the business cyclea. annually balanced budget b. automatic stabilizers c. classical economists d. crowding in e. crowding out f. decision-making lag g. discretionary fiscal policy h. effectiveness lag i. implementation lag j. multiplier effect k. natural rate of unemployment l. potential output m. recognition lag
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