23. Which of the following statements is correct?
(A) Maintaining fiscal balance in a recession helps to stabilize the economy.
(B) Automatic stabilizers refer to the fact that economic shocks are partly offset byhouseholds smoothing their consumption in the face of variable income.
(C) The multiplier on a fiscal stimulus is higher when the economy is functioning at fullcapacity.
(D) A fiscal stimulus can be implemented by raising spending to directly increasedemand, or by cutting taxes to increase private sector demand.