
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 9
During the recession of 2007-2009, the U.S. federal government's tax collections fell from about $2.6 trillion down to about $2.1 trillion while GDP declined by about 4 percent. Does the U.S. tax system appear to have builtin stabilizers?
A) Yes.
B) No.
A) Yes.
B) No.
Explanation
Hence, the answer is a. Yes.
O...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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