13 Nov 2021
Problem 46
Page 741
Section: CRITICAL THINKING QUESTIONS
Chapter 30: Government Budgets and Fiscal Policy
Textbook ExpertVerified Tutor
13 Nov 2021
Introduction
Automatic stabilizers are tax and expenditure restrictions that, without any further legislation, lower the pace of reduction in aggregate demand when the economy slows down and restrain aggregate demand when the economy speeds up.
Unlock all Textbook Solutions
Already have an account? Log in