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Government spending on unemployment benefits, welfare, Medicaid, and other programs during recessions are known as social safety nets (automatic stabilizers) that limit the hardships created
Government spending on unemployment benefits, welfare, Medicaid, and other programs during recessions are known as social safety nets (automatic stabilizers) that limit the hardships created by a deflationary gap . additional expenditures the government should not have to pay. social safety nets (automatic stabilizers) that increase the hardships created by a recession. social safety nets (automatic stabilizers) that limit the hardships created by an inflationary gap
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