During the recession of 2007âˆ’2009, the U.S. federal governmentâ€™s tax collections fell from about $2.6 trillion down to about $2.1 trillion while GDP declined by about 4 percent. Does the U.S. tax system appear to have built-in stabilizers.

A. Yes
B. No

Built-in stabilizers are economy policies of government which are triggered automatically to stabilize the economy when it experiencing a downward movement or an unexpected growth in an excessive way without the explicit intervention of the government. An example of this is unemployment insurance.

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During the recession of 2007âˆ’2009, the U.S. federal governmentâ€™s tax collections fell from about $2.6 trillion down to about $2.1 trillion while GDP declined by about 4 percent. Does the U.S. tax system appear to have built-in stabilizers. A. Yes B. No

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During the recession of 2007âˆ’2009, the U.S. federal governmentâ€™s tax collections fell from about $2.6 trillion down to about $2.1 trillion while GDP declined by about 4 percent. Does the U.S. tax system appear to have built-in stabilizers.

A. Yes
B. No