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Hanis Ikhwan
on Oct 13, 2024

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As the economy expands,tax revenues _____ and transfer payments ____.

A) fall;rise
B) fall;fall
C) rise;fall
D) rise;rise

Tax Revenues

The income that is gained by governments through taxation—funding various public expenses.

Transfer Payments

Monetary payments made by governments that do not correspond to the provision of a good or service, such as social security payments or welfare benefits.

  • Master the idea of automatic stabilizers in the economy and identify illustrative examples.
  • Analyze the ramifications of fiscal maneuvers on unemployment rates and inflation.
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Georges BOUVOUOct 18, 2024
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