Question: 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

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

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