[CFA模拟真题] 2006 CFA Level I －NO22 exactly, programs, economic, following, corporate

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22. Which of the following fiscal programs is least likely to act as an automatic stabilizer during periods of economic recession and boom?

Select exactly 1 answers from the following:
A. Progressive income tax.
B. Balanced federal budget.
C. Unemployment compensation.
D. Progressive corporate profit tax.
答案和详解如下！
Feedback: Correct answer: B

 

Economics: Private and Public Choice, 10th edition, James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David A. Macpherson (South-Western, 2003), pp. 277-279

2006 Modular Level I, Vol. II, pp. 37-40

Study Session 4-15-d

identify automatic stabilizers and explain how such stabilizers work

 

Automatic stabilizers tend to create a budget deficit during an economic recession and a budget surplus during an economic boom; a balanced federal budget, by definition, creates neither deficit nor surplus.

gchh

b

deller

B

abner_wang

b

sleeping

c

清水長官

b

guis

a

xiaoming

b

kristinejb

2

zyx8318

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