Explain how automatic stabilization stimulates spending in a recession and dampens spending during periods of demand-pull inflation.
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Explain how automatic stabilization stimulates spending in a recession and dampens spending during periods of demand-pull inflation. How does automatic stabilization affect the federal budget deficit?
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During a recession automatic fiscal policy cushions the ...View the full answer
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Related Book For
Economics Theory And Practice
ISBN: 9781118949733
11th Edition
Authors: Patrick J. Welch, Gerry F. Welch
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