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book Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn cover

Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

Edition 20ISBN: 978-0077660895
book Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn cover

Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

Edition 20ISBN: 978-0077660895
Exercise 22
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 built-in stabilizers?
a. Yes.
b. No.
Explanation
Verified
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The U.S. tax system does have built-in s...

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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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