156.A cut in taxes will have the most effect on aggregate demand if it is given to:
157.Discretionary fiscal policy entails:
158.Discretionary fiscal policy refers to changes in:
159.Suppose the government increases spending to fund tuition for qualified university students. Automatic stabilizers will _____ the _____ effect of the _____ in aggregate demand.A)increase; contractionary; decreaseB)decrease; contractionary; increaseC)increase; expansionary; increaseD)decrease; expansionary; increase
160.Suppose the federal government increases personal income tax rates to balance the budget. Automatic stabilizers will _____ the _____ effect of the _____ in aggregate demand.
161.When the economy expands, income tax receipts will: