Which of the following is an automatic stabilizer for the economy a. Congress decides to
Chapter 15, Problem 22(choose chapter or problem)
Which of the following is an automatic stabilizer for the economy? a. Congress decides to increase welfare benefits during a recession. b. An increase in income tax rates is passed by Congress during a period of inflation. c. More welfare compensation is paid because more people are unemployed in a recession. d. Congress decides to require people to work until they are 68 years old to collect their full Social Security benefit.
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