What are automatic stabilizers? Explain their major advantage.
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What are automatic stabilizers? Explain their major advantage.
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Automatic stabilizers are economic policies or features built into a countrys fiscal and social welfare systems that help stabilize the economy during periods of economic downturns or recessions witho...View the full answer
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Related Book For
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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