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Automatic Stabilizers

ByHomework Help Classof1

Taxes and transfer payments that stabilize GDP without requiring explicit actions by policymakers are called automatic stabilizers. Both government spending and tax revenues are very sensitive to the state of the economy. Because tax collections are based largely on individual and corporate income, tax revenues will fall sharply during a recession as national income falls.

Details

Publication Date
May 29, 2013
Language
English
Category
Education & Language
Copyright
All Rights Reserved - Standard Copyright License
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By (author): Homework Help Classof1

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Format
PDF

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