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 full employment.
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Related Book For
Economics Private And Public Choice
ISBN: 9780123110404
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
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