Which of the following would be automatic stabilizers? Explain why. a. Employment-insurance payments b. Cost-of-living escalators in
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Which of the following would be automatic stabilizers? Explain why.
a. Employment-insurance payments
b. Cost-of-living escalators in government contracts and pensions
c. Income taxes
d. Free university tuition for unemployed workers after six months of unemployment, provided that they are under 30 years old and have had five or more years of full-time work experience since high school
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Automatic stabilizers are policies or programs that automatically adjust in response to changes in economic conditions helping to stabilize the econom...View the full answer
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