Which of the following is NOT an example of an automatic stabilizer?

A) Welfare and transfer payments
B) Taxes on corporate profits
C) Unemployment insurance
D) The tax cuts of 1981-1983
E) A progressive personal income tax

Automatic Stabilizer

Economic policies and programs, such as unemployment benefits, that automatically adjust to stabilize an economy's fluctuations without direct intervention by policymakers.

Welfare

Financial and social support programs provided by the government to assist individuals and families in need.

Transfer Payments

Money or benefits distributed by the government to individuals without requiring a direct exchange of goods or services, often aimed at providing social welfare.