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The Above Economy Is Characterized By

Question 26

Multiple Choice

The above economy is characterized by: A) built-in stability. B) taxes which vary directly with GDP, but government spending which is independent of GDP. C) taxes which are independent of GDP, but government spending which varies directly with GDP. D) a multiplier of 2.5. The above economy is characterized by:


A) built-in stability.
B) taxes which vary directly with GDP, but government spending which is independent of GDP.
C) taxes which are independent of GDP, but government spending which varies directly with GDP.
D) a multiplier of 2.5.

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