During an expansion, tax revenues ________, while during a recession, tax revenues ________.
A. decrease; increase
B. increase; decrease
C. remain stable; decrease
D. fail to cover expenditures; fail to match transfer payments
Answer:B
During an expansion, tax revenues ________, while during a recession, tax revenues ________.
A. decrease; increase B. increase; decrease C. remain stable; decrease D. fail to cover expenditures; fail to match transfer payments