Unformatted text preview: e. Automatic stabilizers are a much more important feature of the tax structure than in the 1930s; yes, correct. f. The world is less integrated so business cycles do not spread internationally as much as they did; no, wrong, the reverse is true. g. A higher proportion of households with multiple sources of income and greater assets implies consumption spending is less volatile. Yes, true....
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- Spring '05
- Great Depression, Fractional-reserve banking, Fed, ‘Great Depression, b. Deposit insurance