Describe how automatic stabilizers respond when output is above potential output. Assess the extent to which these

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Describe how automatic stabilizers respond when output is above potential output. Assess the extent to which these responses are timely, targeted, and temporary.

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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Question Posted: Feb 20, 2024 01:00 AM

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Describe how automatic stabilizers respond when output is above potential output. Assess the extent to which these

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Automatic stabilizers are features of the fiscal system that automatically adjust government spending and taxation in response to changes in economic ...View the full answer

Principles Of Economics

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