Asked by Jessica Redding on Jul 11, 2024
Verified
Automatic stabilizers
A) include legislation making them more effective.
B) require legislation by congress to be made effective.
C) help smooth out the business cycle.
D) simultaneously stabilize the economy and tend to reduce the size of the public debt.
Automatic Stabilizers
Programs and policies in economics formulated to counter changes in a nation's economic status, without the need for more intervention from governmental bodies or policymakers.
Business Cycle
A recurring sequence of economic expansion and contraction phases experienced by a country's economy.
Public Debt
The total amount of money owed by the government to creditors, which can include domestic or foreign individuals, corporations, or other governments.
- Interpret the position and outcomes of automatic stabilizers in the context of the economy.
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Learning Objectives
- Interpret the position and outcomes of automatic stabilizers in the context of the economy.
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