Question: Examine whether the following items are Automatic stabilizers or discretionary changes or none. (a) Unemployment benefits (b) Tax cuts (c) An increase in government spending

Examine whether the following items are Automatic stabilizers or discretionary changes or none.

(a) Unemployment benefits

(b) Tax cuts

(c) An increase in government spending on road work

(d) Progressive tax system

(e) Higher interest rates

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