9. Unemployment compensation, corporate taxes, and the progressive income tax act as automatic stabilizers because they automatically

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9. Unemployment compensation, corporate taxes, and the progressive income tax act as automatic stabilizers because they automatically contribute to a budget deficit during slack times and a budget surplus when the economy is at fu11 employment.

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Macroeconomics Private And Public Choice

ISBN: 9780123110701

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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