Asked by
Shevonne Simeon
on Nov 11, 2024Verified
If the automatic stabilizers are creating budget deficits,the economy must be experiencing falling output.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.
Falling Output
Falling output describes a situation where an economy or a particular sector is producing less goods or services over time.
- Comprehend the correlation between automatic stabilizers and fiscal results.
Verified Answer
MM
Learning Objectives
- Comprehend the correlation between automatic stabilizers and fiscal results.