0 This is a Multiple Choice question /Itis worth 1 point/You have 2 of 2 attempt

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0 This is a Multiple Choice question /Itis worth 1 point/You have 2 of 2 attempts remaining/There is no attempt penalty 08 Question (1 point) Q See page 523 v 1st attempt Which of the following policies represents an automatic stabilizer with respect to fiscal policy? See Hint Choose one: O A. The government agrees to cut taxes on those making less than $50,000 a year - B. Elected officials decide to raise the minimum wage just as the economy starts to slow down o C. As indviduals earn more, their tax rates rise e D. The government cuts a plan that provides funding for national parks

Explanation / Answer

Answer

Option C

The tax and transfer payments are automatic stabilizers and the progressive tax is mostly used as automatic stabalizer

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