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Which describes the role of automatic stabilizers in the economy?
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Nov 8, 2021
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Which describes the role of automatic stabilizers in the economy?
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James Hancock
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Automatic stabilizers have a similar impact as discretionary fiscal policy but occur automatically, without action by the government. Automatic stabilizers increase aggregate demand during recessions and reduce aggregate demand during expansions.
Skyporter
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Nov 12, 2021
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