1.2Economist Mark Thoma observed, One of the difficulties in using fiscal policy to combat recessions is getting...
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Question:
1.2Economist Mark Thoma observed, "One of the difficulties in using fiscal policy to combat recessions is getting Congress to agree on what measures to implement. . . . Automatic stabilizers bypass this difficulty by doing exactly what their name implies." What are automatic stabilizers? Name two examples of automatic stabilizers and explain how they can reduce the severity of a recession.
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