The term "automatic stabilizers" refers to the fact that:()
A. legislators automatically change the tax structure and expenditure programs to correct upswings and downswings in business activity.
B. with given tax rates and expenditure policies, a rise in national income tends to produce a surplus, while a decline tends to result in a deficit.
C. government expenditures and tax receipts automatically balance over the course of the business cycle, although they may be out of balance in any single year.
参考答案:B
解析:
Automatic stabilizers are built-in fiscal devices that ensure deficits in a recession and surpluses during booms. Automatic stabilizers minimize the problem of proper timing.