Asked by
Hanis Ikhwan
on Oct 13, 2024Verified
As the economy expands,tax revenues _____ and transfer payments ____.
A) fall;rise
B) fall;fall
C) rise;fall
D) rise;rise
Tax Revenues
The income that is gained by governments through taxation—funding various public expenses.
Transfer Payments
Monetary payments made by governments that do not correspond to the provision of a good or service, such as social security payments or welfare benefits.
- Master the idea of automatic stabilizers in the economy and identify illustrative examples.
- Analyze the ramifications of fiscal maneuvers on unemployment rates and inflation.
Verified Answer
GB
Learning Objectives
- Master the idea of automatic stabilizers in the economy and identify illustrative examples.
- Analyze the ramifications of fiscal maneuvers on unemployment rates and inflation.