What are automatic stabilisers? Explain how they operate in the different phases of the business cycle to

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What are automatic stabilisers? Explain how they operate in the different phases of the business cycle to stabilise the economy (GDP growth). Are automatic stabilisers sufficient to dampen fluctuations in the business cycle?

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Economics Theory And Practice

ISBN: 9781118949733

11th Edition

Authors: Patrick J. Welch, Gerry F. Welch

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Posted Date: May 04, 2024 04:01 AM

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What are automatic stabilisers? Explain how they operate in the different phases of the business cycle to

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Automatic Stabilizers Mitigating the Boom and Bust Cycle Automatic stabilizers are builtin features of a governments budget that automatically adjust ... View the full answer

Economics Theory And Practice

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