1) Because unemployment payments and welfare? payments, which reduce a? recessio
ID: 2439198 • Letter: 1
Question
1) Because unemployment payments and welfare? payments, which reduce a? recession's severity, naturally increase during a? downturn, they are referred to as __________.
A. Automatic Stabilizers
B. Disposable Income
C. Discretionary Spending
2) You have been selected by the president to fix the ailing Social Security system. All of the following are possible options available to you except?....
A. Raise payroll taxes
B. Cut Social Security benefits
C. Borrow money to cover the shortfall
D. Dip into the Social Security Trust Fund.
3. Suppose that government runs a deficit this? year, with expenditures running greater than tax revenues. All of the following are options that government has to pay for the excess spending except?....
A. Issue new money
B. Raise interest rates
C. Increase taxes
D. Borrow Money
Explanation / Answer
1. Because unemployment payments and welfare payments, which reduce a recession's severity, naturally increase during a downturn, they are referred to as Disposable Income. So the correct option is B.
2. You have been selected by the president to fix the ailing Social Security system. All of the following are possible options available to you except Cut Social Security benefits. So the correct option is B.
3. Suppose that government runs a deficit this year, with expenditures running greater than tax revenues. All of the following are options that government has to pay for the excess spending except raise interest rates. So the correct option is B.
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