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(Solved): Economist Mark Thoma has written, "One of the difficulties in using fiscal policy to combat reces ...



Economist Mark Thoma has? written, "One of the difficulties in using fiscal policy to combat recessions is getting Congress to agree on what measures to implement. ... Automatic stabilizers bypass this difficulty by doing exactly what their name? implies." ?Source: Mark? Thoma, "The Importance of Automatic Stabilizers to the? Economy," cbsnews.com?, January? 25, 2010. Part 2 Automatic stabilizers are A. changes in business taxes that occur when the economy slows down. B. government spending and taxes that automatically increase or decrease along with the business cycle. C. changes in the money supply that occur automatically when money demand changes. D. budgetary cuts that occur automatically at the end of the fiscal year if there is a deficit.



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