Explain how automatic stabilizers work, both on the taxation side and on the spending side, first in

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Explain how automatic stabilizers work, both on the taxation side and on the spending side, first in a situation where the economy is producing less than potential GDP and then in a situation where the economy is producing more than potential GDP.

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 02:53 AM

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Explain how automatic stabilizers work, both on the taxation side and on the spending side, first in

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In a recession because of the decline in economic output less income is earned and so less in ...View the full answer

Principles Of Economics

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