Question: 1. explain what an automatic stabilizer is. 2. Give your own example. 3. How does your example speed-up when the economy slows down? 4. How

1. explain what an automatic stabilizer is.

2. Give your own example.

3. How does your example speed-up when the economy slows down?

4. How does your example slow-down when the economy speeds-up?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!