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

What are automatic stabilises? 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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2. Value-oriented information and

1. Empirical or factual information,

1. To take in the necessary information,