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28 Sep 2019
Explain how taxes and transfer payments act as automatic stabilizers. Do these automatic stabilizers tend to increase or decrease the budget deficit during recessions? What about expansions?
Explain how taxes and transfer payments act as automatic stabilizers. Do these automatic stabilizers tend to increase or decrease the budget deficit during recessions? What about expansions?
Darryn D'SouzaLv10
28 Sep 2019