Asked by
Jasmyn Regas
on Nov 30, 2024
Verified
Automatic stabilizers
A) are probably insufficient to completely offset strong recessionary pressures.
B) tend to accelerate abrupt changes in economic activity and cause expenditures to move pro-cyclically.
C) give policy makers more time to formulate nondiscretionary policy.
D) are unimportant to those workers most likely to be laid off or otherwise harmed by recessions.
Automatic Stabilizers
Economic policies and programs that automatically adjust to counteract economic fluctuations without the need for explicit government action.
Recessionary Pressures
Economic factors or conditions indicating an impending or current period of economic downturn.
- Understand the principles and importance of automatic stabilizers in the economy and their impact across different economic cycles.
Verified Answer
JT
Learning Objectives
- Understand the principles and importance of automatic stabilizers in the economy and their impact across different economic cycles.