What are automatic stabilizers? Explain their major advantage.

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 06, 2023 10:01 AM

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What are automatic stabilizers? Explain their major advantage.

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Automatic stabilizers are economic policies or features built into a countrys fiscal and social welfare systems that help stabilize the economy during periods of economic downturns or recessions witho...View the full answer

Macroeconomics Private And Public Choice

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