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Q. |
The role of the progressive tax system as an autonomous fiscal stabilizer requires that the budget |
A. | Should require actual deficits be equal to zero on average |
B. | Should go into a surplus at appropriate points in the business cycle. |
C. | Cannot have a structural deficit component |
D. | Both a & b |
Answer» B. Should go into a surplus at appropriate points in the business cycle. |
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