Examples of automatic stabilizers: the income tax: people pay less taxes automatically if their income falls unemployment insurance: prevents income - and hence spending - from falling as much during a downturn This topic is discussed in Chapter 14.
Examples of automatic stabilizers: the income tax: people pay less taxes automatically if their income falls unemployment insurance: prevents income - and hence spending - from falling as much during a downturn This topic is discussed in Chapter 14.
Examples of automatic stabilizers: the income tax: people pay less taxes automatically if their income falls unemployment insurance: prevents income - and hence spending - from falling as much during a downturn This topic is discussed in Chapter 14.