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1. Why are mechanisms like a proportional Income Tax system and the Welfare system referred to as automatic stabilizers? 2. Explain how and why fluctuations
- 1. Why are mechanisms like a proportional Income Tax system and the Welfare system referred to as automatic stabilizers?
- 2. Explain how and why fluctuations in output are reduced by these stabilizers?
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Answer 1 iMechanisms such as proportional income taxes and the welfare system are called automatic s...
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Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
