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Basic Question 9 of 11
Which of the following is an example of an automatic stabilizer?
II. A decrease in social security benefits during a recession
III. An increase in welfare benefits during an expansion
IV. A decrease in unemployment benefits paid out during an expansion
V. An increase in taxes during a recession
I. An increase in defense spending during an expansion
II. A decrease in social security benefits during a recession
III. An increase in welfare benefits during an expansion
IV. A decrease in unemployment benefits paid out during an expansion
V. An increase in taxes during a recession
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
explain the implementation of fiscal policy and difficulties of implementation as well as whether a fiscal policy is expansionary or contractionary
CFA® 2025 Level I Curriculum, Volume 1, Module 3.